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Grain Farmers of Ontario unveils March Classic speaker lineup

GUELPH, ON (January 22, 2014) – The Grain Farmers of Ontario March Classic 2014 conference is sure to impress attendees with an outstanding speaker line-up. Joining headliners Colonel Chris Hadfield and environmentalist Mark Lynas will be Cal Whewell, Michelle Painchaud, and Jon Montgomery.

A staple of the March Classic and crowd favourite Cal Whewell, Risk Management Consultant for FC Stone, will provide his 2014 grain market outlook. Whewell works with companies associated with end-users, producers, and county grain elevators in Ohio, Indiana, Michigan, and Ontario, helping to reduce risk and increase margins. Grain farmers will not want to miss Whewell’s insights.

The afternoon portion of the conference will open with Michelle Painchaud, President and CEO of Painchaud Performance Group and S.C.O.R.E. Consulting. With over 20 years of field experience in employee performance and a background in agriculture, she is one of Canada’s leaders in behavioural science and talent management. Painchaud is a Certified Performance Technologist, a member of the Canadian Consulting Agrologists Association and FamilyBusiness.ag, and is active on the Farm Leadership Council and at the Centre for Talent Retention and Human Capital Institute. Painchaud will speak to audience members about the importance of Farm Business Vision.

Attendees will also want to stay for the banquet with evening speaker Jon Montgomery, Gold Medal Olympian and host of Amazing Race Canada. Montgomery’s experience as a representative for Canada on the world stage, both at the Olympics and on television, allow him to speak to the importance of Canada’s international reputation. We also look forward to his unique perspective on the 2014 Olympic Games.

“The speaker line-up at this year’s March Classic will take the audience on a journey from their farm to the rest of the world,” says Meghan Burke, Manager, Communications. “Each speaker brings a unique perspective that is relevant to the agriculture industry and emphasizes the importance and impact of what we do as grain farmers.”

The 2014 March Classic will be held on March 24th at the London Convention Centre. 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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