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Get ahead of the curve with the Grain Farm Management Program

AMI logoGrain farmers know about the ups and downs of commodity prices and how difficult they are to deal with. Wouldn’t it be great to be able to take advantage of those swings and put your operation on a firmer financial footing?

This year, the Grain Farm Management Program, offered by the Agri-food Management Institute (AMI), has been specifically designed to meet your needs.

Over the course of five sessions you will learn how to think more strategically, work with cyclical markets, use professional advisors to your best advantage and squeeze every penny out of your assets.

You will work with real-life financials from a case study grain farm, that gives you tools to take home and apply directly to your own farm financials. At the end of the course, you’ll even have a Management Action Plan - tailored to your own operation - that you can implement right away.

If your business is in transition, it’s a great chance to work with the next generation to make sure the operation’s future goes the way everyone wants it to go. And, if you’re developing your business, think about bringing your business partner with you to start creating your strategy for future growth.

The course consists of five sessions starting in November and ending in February in Ingersoll, Ontario, and Grain Farmers of Ontario will even subsidize your travel costs.

Additional information is available at www.advancedfarmmanagement.ca

Registering is easy. Just fill out the form on the website or email Deanna Hutton from the Agri-food Management Institute directly: deanna@takeanewapproach.ca

The Agri-food Management Institute is funded through Growing Forward 2, a federal-provincial-territorial initiative. 

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Weekly Commentary

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Grain Market Commentary for October 18, 2017

Wednesday, October 18, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.48  01 cents
Soybeans CBOT November 9.84  08 cents
Wheat CBOT December 4.30  01 cents
Wheat Minn. December 6.10  02 cents
Wheat Kansas December 4.28  02 cents
Chicago Oats December 2.68  06 cents
Canadian $ December 0.8025  0.10 points

Harvest 2017 prices as of the close, October 18 are as follows: SWW @ $183.15/MT ($4.98/bu), HRW @ $192.30/MT ($5.23/bu), HRS @ $238.09/MT ($6.48/bu), SRW @ $187.72/MT ($5.11/bu).

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Market Trends

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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