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GRAIN FARMERS OF ONTARIO CONGRATULATES NICOLE MACKELLAR, RECIPIENT OF THE GRAIN FARMERS OF ONTARIO SPONSORED NUFFIELD SCHOLARSHIP

GUELPH, ON (July 19, 2016) – Grain Farmers of Ontario is pleased to announce Nicole Mackellar, as the recipient of the 2017 Grain Farmers of Ontario sponsored Nuffield Scholarship. Mackellar plans to use the scholarship to study the possibilities for branding of commodities that are further processed into ingredients.

The Grain Farmers of Ontario sponsored Nuffield Scholarship is valued at $15,000 and goes to a selected grains and oilseed producer in Ontario to give them the opportunity to study internationally. To be considered for this scholarship, individuals must demonstrate that their study will benefit the Ontario Grains sector and community.

“I have seen the benefit that Nuffield Scholarships have made in the past through networking opportunities, new ideas and experiences, and we are pleased to again sponsor the Grain Farmers of Ontario Nuffield Scholarship,” said Barry Senft, CEO, Grain Farmers of Ontario. “I would like to offer my congratulations to Nicole and look forward to seeing her study progress to benefit the Ontario grains industry.”

With a push from consumers to buy local, Nicole plans to use the Nuffield Scholarship to study methods to brand end-use products, so they are recognized as containing Ontario grains.  She will look to other countries, like Australia, to develop the best model to increase both domestic and export sales.

“The Nuffield scholarship will allow me to connect with colleagues around the world and apply that to Ontario to help increase utilization and market share of Ontario grains,” said Nicole Mackellar, Manager of Market Development, Grain Farmers of Ontario. “This opportunity would not be possible without Nuffield Canada and Grain Farmers of Ontario.”

Mackellar obtained her honours B.A from McMaster University specializing in economics and psychology. She has nearly a decade of experience in the marketing industry and now works as Manager of Market Development for Grain Farmers of Ontario. Mackellar grew up on a beef and cash crop farm in Middlesex County, and continues to be active in its operations during the busy spring and fall seasons.

This is the second year Grain Farmers of Ontario has sponsored a Nuffield Scholarship. Tony Balkwill, last year’s recipient, is currently studying the challenges of accurately modernizing historical soil type maps into field specific management zones.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Grain Market Commentary for October 12, 2017

Thursday, October 12, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.49  06 cents
Soybeans CBOT November 9.92  34 cents
Wheat CBOT December 4.30  12 cents
Wheat Minn. December 6.12  02 cents
Wheat Kansas December 4.26  10 cents
Chicago Oats December 2.62  16 cents
Canadian $ December 0.8030  0.15 points

Harvest 2017 prices as of the close, October 12 are as follows: SWW @ $183.52/MT ($4.99/bu), HRW @ $192.67/MT ($5.24/bu), HRS @ $238.89/MT ($6.50/bu), SRW @ $188.09/MT ($5.12/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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