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Grain Farmers of Ontario March Classic sets new standard

Conference brings together industry, politicians and farmer members.

GUELPH, ON (April 1, 2011) – The Grain Farmers of Ontario (GFO) March Classic in London saw record attendance and world-class speakers setting a new standard for future conferences.

Over 500 farmers and industry partners attended the one day conference at the London Convention Centre. The day opened with an address from the Honourable Carol Mitchell, Minister of Agriculture, Food, and Rural Affairs, followed by Tim Hudak, leader of the Ontario PC party. Attendees then enjoyed speeches from keynote speakers Peter Mansbridge, The National and Kevin O’Leary, Dragon’s Den.

“The attendance and energy at the conference this year reflects the positive direction of grain farming in Ontario”, says Barry Senft, CEO of GFO. “The conference was a great success and set the bar high for the 2012 March Classic.”

An exhibit hall overflowed into the hallway with many industry representatives available for discussions during breaks and lunch. Also during lunch, the Canadian Renewable Fuels Association (CRFA) held a press conference launching their “Powered by Biodiesel” bumper sticker campaign.

The afternoon sessions launched into industry perspectives from Warburtons (the third largest bread manufacturer in the United Kingdom), CRFA, and Spirits Canada (the national trade association of Canadian manufacturers and marketers of distilled spirits, including whisky) triggering a provocative question and answer session with the panel of speakers. The day closed with industry insights from Cal Whewell, Risk Management Consultant at FC Stone.

Throughout the day GFO collected donations for the Red Cross to support the relief efforts in Japan. Participants generously donated $1100.

The closing dinner banquet was sold out and the crowd was entertained by Brent Butt, Corner Gas. GFO was honoured to host the presentation of the T.R. Hilliard Award for distinguished agriculture extension during the banquet. The deserving recipient was Horst Bohner, Soybean Specialist with OMAFRA. GFO thanks Horst for his ongoing contributions to agriculture and congratulates him on this award. 

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 December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/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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