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Late addition to the Grain Farmers of Ontario March Classic

GUELPH, ON (March 16, 2011) – Grain Farmers of Ontario is excited to announce Kevin O’Leary as a late addition to the March Classic conference line up for Monday next week.

O’Leary is well known for his ruthless grilling of entrepreneurs on the popular CBC show Dragon’s Den and is now a judge on the ABC show Shark Tank.  As an "Eco-preneur," O'Leary specializes in investments that make money while being environmentally friendly and is the co-host for Discovery Channel's Discovery Project Earth, which explores ways we can reverse global warming.

“Some last minute changes to the agenda for the day have made it possible to add this knowledgeable and opinionated business leader to our lineup,” says Barry Senft, CEO.  “I enjoy Dragon’s Den each week and look forward to O’Leary’s insight into our industry and his no nonsense style of delivery at the March Classic.”

In 1993, with no money, O’Leary launched The Learning Company, which developed software that helped kids with reading and math. Six years later, he sold it to Mattel for 3.7 billion dollars, one of the largest tech deals in Canadian history.  In 2003, he co-founded Storage Now, Canada's leading developer of climate controlled storage facilities; in 2007, it was acquired by In Storage REIT, for $110 million dollars.  He is currently the chairman of O’Leary Funds, a company that offers a global perspective and investment intelligence to deliver high-quality, actively managed global investment portfolios.

With candor and unmatched business smarts, Kevin O'Leary will draw on his encyclopedic knowledge of finance, investing, economics and business to discuss a variety of topics relevant to our members’ farm businesses.

Registration to the Grain Farmers of Ontario March Classic on March 21st in London, Ontario is still open but tickets are selling fast. Contact Kristyn Kline at 1-800-265-0550 to reserve your seat today.

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.

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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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