News

Second March Classic early bird draw winner

GUELPH, ON (March 5, 2013) – Grain Farmers of Ontario would like to congratulate Don McKercher from District 9 for winning the second and final March Classic Early Bird draw! Don has won a Petro Canada Preferred Price Fuel Card to enjoy a discount of 25 cents per litre for 100 litres of fuel at any Petro Canada location.

Speakers for the March Classic include, Evan Solomon, Cal Whewell, Elaine Froese, Ron MacLean and entertainment by The Debaters. New this year is the Farmer Panel, moderated by Elaine Froese that will discuss the topic “what will farming look like in the future”. This panel will provide unique perspectives on the future of Ontario’s grain industry from farmers at various life and business stages.

The March Classic is the largest grain-focused conference in Eastern Canada drawing upwards of 500 attendees from government, industry, and farms across Ontario. Building on the huge success of the 2012 conference, Grain Farmers of Ontario has developed an even bigger and better event for 2013 with speakers discussing issues of politics, grain markets and succession planning. This is an event you won’t want to miss!

To pre-register online for the Monday March 18th conference in London, Ontario at the London Convention Center, visit www.gfo.ca/marchclassic or call the office at 1 800 265 0550. Pre-registration will close midnight on March 12th

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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Weekly Commentary

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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

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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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