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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 September 13, 2017

Wednesday, September 13, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.51  10 cents
Soybeans CBOT November 9.60  11 cents
Wheat CBOT December 4.43  03 cents
Wheat Minn. December 6.43  01 cents
Wheat Kansas December 4.44  05 cents
Chicago Oats December 2.38  05 cents
Canadian $ December 0.8196  0.15 points

Harvest 2017 prices as of the close, September 13 are as follows:
SWW @ $182.92/MT ($4.98/bu), HRW @ $185.15/MT ($5.04/bu),
HRS @ $238.95/MT ($6.50/bu), SRW @ $182.91/MT ($4.98/bu).

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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