News

$1,500 cash prize up for grabs for the best spring wheat in Ontario

Grain Farmers of Ontario’s Spring Wheat Challenge now open for registration

The first annual Spring Wheat Challenge is a friendly competition that allows farmers to try their hand at some great prizes and learn about best management practices in the process.

Great Prizes!

  • Grand Prize – $1,500

  • 1st Runner Up - $750

  • 2nd Runner Up - $500

Rules

  • Contest open to all Ontario farmers (GFO Directors, staff and immediate families are restricted from the competition)

  • Field size must be a minimum of 10 acres and the harvested plot must be a minimum of 1.5 acres of the same field.

  • All legal spring wheat production practices will be permitted

  • Any variety designated as milling quality Hard Red Spring can be used; must be certified seed

  • Winning entries must be of Milling Quality (Grade 1,2, or 3)

  • Crop must be weighed in the field using a weigh wagon or, if facilities exist, the crop may be weighed in a regular wagon as long as the weight of the wagon itself is subtracted from the total

  • A representative sample from the harvested plot must be graded by a certified grader (someone who has completed the CGC Grain Grading Course)

  • An independent party must witness all acts of weighing and grading and sign off on the completed Harvest Information Form

  • Growers will be required to fill out a survey form stating production practices of the competition field, location of field and general weather data to participate.

  • Visit us at www.gfo.ca/springwheatchallenge

  • Call us at 1-800-265-0550

  • Email Claire Cowan at ccowan@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

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Weekly Commentary

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Grain Market Commentary for September 20, 2017

Wednesday, September 20, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.50  01 cents
Soybeans CBOT November 9.70  11 cents
Wheat CBOT December 4.50  07 cents
Wheat Minn. December 6.22  12 cents
Wheat Kansas December 4.48  05 cents
Chicago Oats December 2.46  08 cents
Canadian $ December 0.8115  0.75 points

Harvest 2017 prices as of the close, September 20 are as follows:
SWW @ $190.53/MT ($5.19/bu), HRW @ $199.60/MT ($5.43/bu),
HRS @ $241.11/MT ($6.56/bu), SRW @ $195.06/MT ($5.31/bu).

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Market Trends

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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