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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 February 7, 2018

Thursday, February 08, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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