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Eastern winners awarded in Grain Farmers of Ontario's inaugural spring wheat challenge

Elgin, ON (January 19, 2011) – Exceptional wheat growers were recognized at a GFO District meeting today in Elgin, Ontario. The top three winners from Eastern Ontario were awarded prizes this afternoon for their big win in GFO’s first ever Spring Wheat Challenge.

“This new challenge was a natural direction for GFO as we’ve had such great success with the Soybean Yield Challenge in past years,” says Jaye Atkins, Vice President of Strategic Development at GFO. “The Spring Wheat Challenge was planned to recognize excellent growers of wheat and to stimulate discussion about this crop.”

The challenge attracted 29 registrants this year. “We’re happy with this participation given that this was the first year of the competition,” says Crosby Devitt, Manager of Research and Market Development at GFO. 

GFO is even happier with the yields. Final entries had to be of milling quality to compete and of those, the average yield was 71.9 bushels per acre. “Although spring wheat is historically challenging to grow, it is clear that success is attainable as demonstrated by these growers,” says Devitt.

The challenge was split into two geographic zones to best reflect the entrants, each of which will receive a cash prize of $1,500 for first place. Second place winners will take home $750 and third place winners will be awarded $500.

The challenge was made possible by a generous and exclusive sponsorship from Bayer CropScience.

The 2010 GFO Spring Wheat Challenge Eastern Winners are:

1st Place                John and Beth Nanne, Pakenham, Sable, 74.52 bu/ac

2nd Place               Jockbrae Farms Ltd, Carlton Place, AC Brio, 71.12 bu/ac

3rd Place               Appaulo Farms Ltd., Carp, 59.42 bu/ac           

The western Ontario winners will be announced at the GFO meeting in Orangeville on January 26, 2011. Check out the February issue of the Ontario Grain Farmer magazine for information about the winners’ management practices.

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.

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Grain Market Commentary for October 12, 2017

Thursday, October 12, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.49  06 cents
Soybeans CBOT November 9.92  34 cents
Wheat CBOT December 4.30  12 cents
Wheat Minn. December 6.12  02 cents
Wheat Kansas December 4.26  10 cents
Chicago Oats December 2.62  16 cents
Canadian $ December 0.8030  0.15 points

Harvest 2017 prices as of the close, October 12 are as follows: SWW @ $183.52/MT ($4.99/bu), HRW @ $192.67/MT ($5.24/bu), HRS @ $238.89/MT ($6.50/bu), SRW @ $188.09/MT ($5.12/bu).

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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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