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Grain Farmers of Ontario Releases New and Improved SellSmart App

GUELPH, ON (August 31, 2016) – Grain Farmers of Ontario farmer-members are already familiar with SellSmart, the popular grain pricing app. As of August 31, SellSmart users are invited to download the latest update and enjoy new features, improved functionality, and a refined interface.

Originally released for BlackBerry in 2010, SellSmart was designed to assist Ontario grain farmers with selling their corn, soybeans, and wheat by providing delayed futures pricing data from CBOT and adjusted cash prices for select grain elevators across Ontario.

"A lot has changed in the six years since SellSmart was originally released, both for Grain Farmers of Ontario and in the world of mobile apps," says Meghan Burke, Grain Farmers of Ontario's Manager, Communications. "Maintaining the old version was costly and time-consuming; a rebuild was necessary in order to better serve our farmer-members and we're thrilled with the results."

SellSmart has been completely rebuilt from the ground up to meet new standards for accessibility and responsiveness. In addition to significant improvements to the user interface, the app will also support currency conversion and barley and oat pricing. The popular price alert feature, which alerts users when crops reach a target price they have set, has also been enhanced in this update.

The new version of SellSmart is now available for Apple iOS devices and Android devices at no cost. It will be released shortly for BlackBerry BB10 devices; users with older BlackBerry devices will still have access to the original version of SellSmart in the BlackBerry World store. SellSmart, and other useful apps for grain farmers, can be found at www.gfo.ca/apps.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Carter, Web Coordinator, Grain Farmers of Ontario – 1-800-265-0550; mcarter@gfo.ca

Peter Gredig, Agnition Inc. – 519 341-6038; peter.gredig@agnition.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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