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Wheat Pool gets a new look

Grain Farmers of Ontario Updates Wheat Pool Brand

GUELPH, ON (June 11, 2013) – Grain Farmers of Ontario has refreshed the Ontario Wheat Pool brand and encourages farmers to consider it as a valuable marketing tool for 2013-14.

To increase awareness of the Wheat Pool, particularly among new and young farmers, it has been branded with a new logo displaying two golden wheat sheaves representing the cooperative marketing approach between Grain Farmers of Ontario Marketing Staff and Farmer Members. For those unfamiliar with the Wheat Pool, a new Wheat Marketing Tool has been released online to help farmers determine the appropriate portion of wheat they should commit to the pool.

“Grain Farmers of Ontario offers several options for marketing wheat,” says Todd Austin, Manager of Wheat Marketing at Grain Farmers of Ontario. “The new Wheat Marketing Tool is a great online resource to help farmers determine the best marketing options for their wheat, by assigning portions of their inventory to different marketing streams.”

With the volatility of today’s commodity markets, farmers are encouraged to utilize the pooling program for a portion of their wheat crop as a risk management tool. The Wheat Pool is professionally managed by dedicated marketing experts at Grain Farmers of Ontario.

“Our wheat marketing team actively monitors commodity markets and manages our wheat inventories to ensure strong returns for Wheat Pool participants,” says Austin.  “We also release payments to participants at intervals throughout the year, which is helpful with cash flow in a seasonal industry.”

For more information about the Wheat Pool, or other marketing options offered through Grain Farmers of Ontario, visit www.gfo.ca/WheatMarketing

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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