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Grain Farmers of Ontario Releases New and Improved SellSmart App

GUELPH, ON (August 31, 2016) – Grain Farmers of Ontario farmer-members are already familiar with SellSmart, the popular grain pricing app. As of August 31, SellSmart users are invited to download the latest update and enjoy new features, improved functionality, and a refined interface.

Originally released for BlackBerry in 2010, SellSmart was designed to assist Ontario grain farmers with selling their corn, soybeans, and wheat by providing delayed futures pricing data from CBOT and adjusted cash prices for select grain elevators across Ontario.

"A lot has changed in the six years since SellSmart was originally released, both for Grain Farmers of Ontario and in the world of mobile apps," says Meghan Burke, Grain Farmers of Ontario's Manager, Communications. "Maintaining the old version was costly and time-consuming; a rebuild was necessary in order to better serve our farmer-members and we're thrilled with the results."

SellSmart has been completely rebuilt from the ground up to meet new standards for accessibility and responsiveness. In addition to significant improvements to the user interface, the app will also support currency conversion and barley and oat pricing. The popular price alert feature, which alerts users when crops reach a target price they have set, has also been enhanced in this update.

The new version of SellSmart is now available for Apple iOS devices and Android devices at no cost. It will be released shortly for BlackBerry BB10 devices; users with older BlackBerry devices will still have access to the original version of SellSmart in the BlackBerry World store. SellSmart, and other useful apps for grain farmers, can be found at www.gfo.ca/apps.

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:

Mark Carter, Web Coordinator, Grain Farmers of Ontario – 1-800-265-0550; mcarter@gfo.ca

Peter Gredig, Agnition Inc. – 519 341-6038; peter.gredig@agnition.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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