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March Classic early bird winner

GUELPH, ON (February 2, 2017) – Grain Farmers of Ontario would like to congratulate Kevin O'Rourke of Dublin, ON as the winner of January's March Classic early bird draw! Kevin will be receiving a Good in Every Grain soft shell jacket.

Everyone who registers for the March Classic before the end of February, including those who registered in January, will be eligible to win a second early bird prize from Good in Every Grain.

The deadline for the second early bird draw to win a Good in Every Grain soft shell jacket is February 28, 2017. The 2017 March Classic will be held on March 21 at the London Convention Centre in London, ON. For more information and to register, click here.

"We look forward to seeing farmer-members and grain industry representatives at this year's March Classic and anticipate another great turnout," says Meghan Burke, Communications Manager. "Past conferences have drawn more than 700 people; we encourage attendees to take advantage of the early bird registration draw for a chance to win a Good in Every Grain jacket."

To skip the line at the conference, pre-registered attendees will be able to pick-up their name badges and meal tickets on the 2nd floor at the DoubleTree by Hilton hotel Monday, March 20, from 7-9pm.

For those looking for accommodations, a room block is available at the DoubleTree by Hilton hotel until February 18th 2017. Use code “GFI” to book under Grain Farmers of Ontario room block.

Call: Direct Line: (519) 439-1661 or 1 800 HILTONS

Website: doubletree.hilton.com/en/dt/groups/personalized/Y/YXUKSDT-GFI-20170320/index.jhtml?WT.mc_id=POG

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:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Weekly Commentary

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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

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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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