News

New date for 2014 March Classic

GUELPH, ON (January 6, 2014) – Grain Farmers of Ontario’s March Classic has a new date! This year it will be held on March 24th, 2014 at the London Convention Centre.

“Moving the conference back one week, from previous conferences, has allowed us to build the best speaker line-up to date,” says Meghan Burke, Manager of Communications at Grain Farmers of Ontario. “This date has changed from the initial announcement in the summer of 2013, so we encourage attendees to mark their calendars with the new date”.

This annual event is the largest grain-focused conference in Eastern Canada and is expected to draw upwards of 700 attendees from farms across Ontario, government, and industry. The theme for 2014 is Launching Ontario Grains to New Heights and the conference will host speakers in the areas of science and innovation in agriculture, leadership, and grain marketing.

“Every year we are challenged to build on the excitement and success of the previous conference,” says Burke. “With keynote speaker Chris Hadfield we are anticipating a full house, so we strongly encourage people to register early.”

Those who register by January 31st will be entered into an early-bird draw for a $25 gas gift card. The complete speaker line-up will be released in the coming weeks. For more information and to register, visit www.gfo.ca/marchclassic.

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@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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