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Grain Farmers of Ontario Announces 52 Weeks of Your Farmers

GUELPH, ON (January 3, 2017) – Grain Farmers of Ontario is pleased to announce a new project, 52 Weeks of Your Farmers, as part of the Good in Every Grain public outreach campaign.

This project builds on Grain Farmers of Ontario’s success with the Your Farmers project in 2016 which showcased three Ontario grain farmers regularly sharing videos and photos from their farms and their daily lives throughout the spring, summer, and fall.

Now, Good in Every Grain is taking it to the next level with 52 Weeks of Your Farmers. Every week throughout 2017 an Ontario grain farmer will be profiled at www.GoodinEveryGrain.ca/YourFarmers. The profiles will include photos, information about their farm, as well as personal information to help the non-farming public relate to the farmers.

"By showing the public the faces and stories of our Ontario grain farmers, we hope to help bridge the gap between the non-farming public and farming communities," says Meghan Burke, Manager of Communications, Grain Farmers of Ontario. "Much of the urban population has limited access to farming – we want to give everyone a chance to know farmers and feel comfortable reaching out to farmers when they have questions about how grains are grown, harvested, and used."

Every week in 2017, Good in Every Grain will share a new farmer profile on the website, Facebook, and Twitter. The program can be followed on social media by using #YourFarmers.

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:

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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