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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 August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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