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$1,500 cash prize up for grabs for the best spring wheat in Ontario

Grain Farmers of Ontario’s Spring Wheat Challenge now open for registration

The first annual Spring Wheat Challenge is a friendly competition that allows farmers to try their hand at some great prizes and learn about best management practices in the process.

Great Prizes!

  • Grand Prize – $1,500

  • 1st Runner Up - $750

  • 2nd Runner Up - $500

Rules

  • Contest open to all Ontario farmers (GFO Directors, staff and immediate families are restricted from the competition)

  • Field size must be a minimum of 10 acres and the harvested plot must be a minimum of 1.5 acres of the same field.

  • All legal spring wheat production practices will be permitted

  • Any variety designated as milling quality Hard Red Spring can be used; must be certified seed

  • Winning entries must be of Milling Quality (Grade 1,2, or 3)

  • Crop must be weighed in the field using a weigh wagon or, if facilities exist, the crop may be weighed in a regular wagon as long as the weight of the wagon itself is subtracted from the total

  • A representative sample from the harvested plot must be graded by a certified grader (someone who has completed the CGC Grain Grading Course)

  • An independent party must witness all acts of weighing and grading and sign off on the completed Harvest Information Form

  • Growers will be required to fill out a survey form stating production practices of the competition field, location of field and general weather data to participate.

  • Visit us at www.gfo.ca/springwheatchallenge

  • Call us at 1-800-265-0550

  • Email Claire Cowan at ccowan@gfo.ca

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, 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

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Weekly Commentary

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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

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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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