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Barley and oats to be represented by Grain Farmers of Ontario

GUELPH, ON (January 5, 2015) – Barley and oat farmers across the province have voted strongly in favour of being represented by Grain Farmers of Ontario.

“We are pleased to announce that barley and oat production in Ontario is anticipated to be represented by Grain Farmers of Ontario by July 1, 2015,” says Barry Senft, CEO of Grain Farmers of Ontario. “These crops are important to the grain industry in our province and we are keen to provide value to Ontario’s barley and oat farmers in the areas of research, market development, and advocacy.”

The Ontario Farm Products Marketing Commission invited barley and oat farmers to participate in an expression of opinion vote in November, 2014. The result was very positive with 77% of voters in favour of representation by Grain Farmers of Ontario.

The Ontario Farm Products Marketing Commission has begun the process required to make the regulatory changes. This includes a posting on the government regulatory registry for 45 days to allow additional comments on the addition of barley and oats. The intent is to have all regulatory amendments finalized for July 1, 2015. Under the amended regulations, farmers selling barley and oats to licensed elevators or mills will be required to pay a license fee to Grain Farmers of Ontario. Farm fed and farmer to farmer sales of barley and oats will not attract any licence fees, which is consistent with the current treatment of corn, soybeans, and wheat.

Barley and oat farmers are encouraged to attend Grain Farmers of Ontario’s annual district grain committee meetings held across the province throughout the month of January. Information about these meetings can be found at www.gfo.ca

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

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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