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Grain Farmers of Ontario March Classic speaker line-up

GUELPH, ON (January 18, 2012) – The 2012 March Classic speaker line-up has been announced by Grain Farmers of Ontario. Centering around the theme of Driving Ontario's Grain Industry to Global Leadership the speakers will provide insight to current and future agricultural opportunities.

The Honourable Ted McMeekin has been invited to open the day followed by John Phipps, host of the US Farm Report. To expose new trends in the industry, Jim Carroll, Agricultural Futurist, joins the conference and closing the morning is keynote speaker Andrew Coyne of The National Post, to share a political and economic perspective.

The afternoon launches into best management practices with Ontario-born David Chilton who will be available for book signing with his latest publication, The Wealthy Barber Returns, in the exhibit hall. A staple of the March Classic, Cal Whewell of FC Stone will provide a market outlook for 2012 and closing the day is Lyndon Carlson of Farm Credit Canada speaking about their campaign Agriculture, More than Ever.

A cocktail reception will be hosted in the exhibit hall and a banquet with entertainment by rural comedian, Derek Edwards, will end the evening.

Early bird registration is now open at www.gfo.ca/MarchClassic. Register before the end of January for a chance to win a bottle of Collingwood Whisky. 

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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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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