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2011 Soybean Yield Challenge launched at Grain Farmers of Ontario March Classic

LONDON, ON (MARCH 21, 2011) – With over 400 farmers present, Don Kenny, chair of Grain Farmers of Ontario announced the start of the 2011 Soybean Yield Challenge. Farmers were invited to pick up their registration cards and try their hand at the prizes.

“It’s a great competition and farmers are definitely excited about it this year,” says Kenny. “It’s a really great opportunity to recognize Ontario’s elite growers and to give everyone a chance to learn from one another.”

This year’s challenge is slightly different from last year as it is split into two divisions – an IP division and a non-IP division.

“IP and non-IP soybeans require different management practices and we wanted to recognize those differences within the challenges,” says Crosby Devitt, manager of research and market development at Grain Farmers of Ontario. “The new divisions also allow us to hand out more prizes, which is always fun.”

The challenge is still separated into heat unit zones and winners will be chosen in each zone within each division. Two grand prizes will be awarded to the IP farmer and the non-IP farmer with the highest yield. Both farmers will win a trip for two to the National Farm Machinery Show in Louisville, Kentucky.

Winners in each zone in each division will win a cash prize of their yield multiplied by their bushels per acre. Runners up in each zone will win admission to Canada’s Outdoor Farm Show and their local farm show – London, Ottawa or Toronto.

The IP prizes are made possible by DuPont and the non-IP prizes are made possible by Monsanto.

Farmers can collect registration cards from Grain Farmers of Ontario or the industry sponsors of the competition: Monsanto, DuPont, Pioneer Hi-Bred, Hyland Seeds, Syngenta Seeds, Mycogen Seeds, Dekalb, Maizex Seeds, Country Farm Seeds and SeCan.

Challenge information, including rules and a downloadable registration card is also available at www.gfo.ca/soybeanyieldchallenge.

The deadline to register is July 29, 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 December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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