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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 November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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