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March Classic 2013 - event of the year!

GUELPH, ON (March 22, 2013) – The Grain Farmers of Ontario 2013 March Classic is being coined “the event of the year”. With record attendance exceeding 625 farmers, an exhibit hall overflowing with 60 displays, and more than 20 conference sponsors, the March Classic has reached a new level of excellence.

Grain Farmers of Ontario recognizes and thanks the Honourable Kathleen Wynne, Premier of Ontario and Minister of Agriculture and Food, who greeted the audience at the closing reception.

“Grain Farmers of Ontario appreciates the genuine commitment the Minister expressed to the grain sector,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “Many of our farmer members were impressed to have personal conversations with her as she toured the room during the meal”.

The speaker line-up proved to be world-class with customized and insightful presentations from Evan Solomon, Cal Whewell and Elaine Froese. The day portion ended with crowd favorite, Ron MacLean, telling personal stories from 27 years in hockey and working with Don Cherry.

CBC’s The Debater’s closed the day with a live show hosted by Steve Patterson joined by comedians Big Daddy Tazz and Phil Hanley. This trio of comedians brought humour to Ontario grain farming and the audience left the event laughing. To hear about the event from Steve Patterson’s perspective, read his blog post at: http://growingruralconnections.wordpress.com/.

Grain Farmers of Ontario would like to thank all 20 sponsors and 60 exhibitors of the 2013 March Classic. Thanks to their commitment and financial support this annual event is able to operate at little cost to the farmer membership of Grain Farmers of Ontario.

To see first-hand the impact of the conference, search twitter hashtag #GFOClassic to review over 400 tweets from the event or visit www.gfo.ca/MarchClassic to watch video clips from the conference (additional clips coming shortly). 

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 October 18, 2017

Wednesday, October 18, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.48  01 cents
Soybeans CBOT November 9.84  08 cents
Wheat CBOT December 4.30  01 cents
Wheat Minn. December 6.10  02 cents
Wheat Kansas December 4.28  02 cents
Chicago Oats December 2.68  06 cents
Canadian $ December 0.8025  0.10 points

Harvest 2017 prices as of the close, October 18 are as follows: SWW @ $183.15/MT ($4.98/bu), HRW @ $192.30/MT ($5.23/bu), HRS @ $238.09/MT ($6.48/bu), SRW @ $187.72/MT ($5.11/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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