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Grain Farmers of Ontario board elects executive committee

GUELPH, ON (February 9, 2012) – The new board of directors at Grain Farmers of Ontario met for the first time this week and the 2012 Executive Committee has been chosen.

The board elected Henry Van Ankum as the new Chair of the organization to replace Don Kenny who, as the first Chair of Grain Farmers of Ontario, has completed two years of dedicated service and is congratulated by the board and staff for his many accomplishments in the position.

“I am excited about the challenge ahead to build upon the solid foundation laid in the first two years of our organization,” says Van Ankum. “Don was an effective leader, representing GFO well, and I look forward to continuing his work to provide strong representation for our members provincially and nationally.

Mark Huston was elected to the role of first Vice Chair on the Executive Committee. Huston is the director representing District 2 in Kent County.  Second Vice Chair is Mark Brock, from the Stratford area in District 9.  New to the Executive Committee is Leo Guilbeault from District 1 who will take on the role of Executive Member.

Also in 2012 there are two new directors on the Grain Farmers of Ontario Board – Kevin Armstrong representing District 7 and Colin Elliot representing District 11.  For a complete list of the directors on the Grain Farmers of Ontario board and the elected delegates from each district, please visit www.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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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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