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March Classic Registration Open and Early Bird Draw

Register for the 2017 March Classic

GUELPH, ON (January 5, 2017) – Registration is now open for the March Classic, Grain Farmers of Ontario's annual conference for farmers and industry, being held Tuesday, March 21, 2017. Attendees who register during the month of January will be entered in to an early bird draw.

"The theme of the 2017 March Classic is Leading Through Change, designed to inspire leadership through challenging times, as well as times of opportunity," says Barry Senft, CEO, Grain Farmers of Ontario. "We are proud to present this year's speaker line-up, thanks to the support of our sponsors and exhibitors."

Conference speakers include General Rick Hillier, David Frum, Jolene Brown, and Terry O’Reilly, with evening entertainment provided by comedian Jonny Harris. Topics will range from international policies and political shifts, to farm business succession planning, and the art of persuasion.

The March Classic is the largest grain-focused conference in Eastern Canada drawing upwards of 700 attendees from farms across Ontario, government, and industry and presenting over 60 agricultural exhibits in the tradeshow hall. The 2017 conference will be held at the London Convention Centre, London, Ontario.

Attendees are encouraged to pre-register by Tuesday, January 31 to be entered in an early bird draw for a Good in Every Grain soft shell jacket. Pre-registered attendees are also invited to skip the lines and pick-up their conference packages on the 2nd floor of the DoubleTree by Hilton during the evening reception, sponsored by SGS Canada, on Monday, March 20, 7:00-9:00pm. For more information and to register, visit: www.gfo.ca/MarchClassic.

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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