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Wheat challenges highlighted at Grain Farmers of Ontario March Classic

LONDON, ON (MARCH 21, 2011) – Excitement was building about the upcoming crop year as Grain Farmers of Ontario launched the 2011 Spring Wheat Challenge and highlighted the 2011 Winter Wheat Challenge at the March Classic.

The two challenges are part of Grain Farmers of Ontario’s suite of production challenges which aim to recognize the elite farmers of Ontario while providing an important venue for discussion of production practices that lead to high yields and good quality crops.

“Ontario has excellent wheat growers and it’s important we celebrate that,” says Don Kenny, chair of Grain Farmers of Ontario. “They are friendly competitions that all wheat farmers should consider. Even if you don’t think you’re going to win, it’s a great way to learn about what you’re neighbours and friends are doing to achieve those high yields,” he continues.

The 2011 Spring Wheat Challenge comes on the heels of the successful inaugural year of the competition. The average yield for last year’s registrants was 71.9 bushels per acre, a whopping 36 percent higher than the provincial average for the year.

2011 is the first year of the Winter Wheat Challenge. “Many farmers have been thinking about their winning strategies since the fall when the challenge was announced at Canada’s Outdoor Farm Show,” says Crosby Devitt, manager of research and market development at Grain Farmers of Ontario. “But if early scouting is telling you that your crop is in good shape, you should definitely register for the challenge,” he continues.

In both challenges, the first place winner will take home a $1,500 prize with the second highest yield being awarded $750. The third place winner will receive $500.

The challenges are open to all spring and winter wheat growers in the province and all legal production practices are permitted. Certified seed must be used and the wheat must be graded at milling quality, either grade 1, 2 or 3.

Both challenges are made possible by generous support from Bayer CropScience, C&M Seeds and Hyland Seeds.

Farmers can collect registration cards from Grain Farmers of Ontario or our industry sponsors. Challenge information including rules and a downloadable registration card is also available at www.gfo.ca/springwheatchallenge and www.gfo.ca/winterwheatchallenge.

The deadline to register for the Spring Wheat Challenge is June 30, 2011 and the deadline to register for the Winter Wheat Challenge is May 2, 2011.

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 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 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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