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Research yields new soybean varieties

GUELPH, ON (August 12, 2011) – New genetics are becoming available to soybean farmers as a result of the success of a new public breeding program supported by Grain Farmers of Ontario.

The “Advanced Canadian Field Crops through Breeding” project began in April 2010 and will continue through till March 2013. This project is managed by the newly created Canadian Field Crop Research Alliance (CFCRA), which GFO is a founding member.

“Building on previous investments by Grain Farmers of Ontario and the members of the CFCRA, the Canadian soybean breeding programs have been very active and the impacts are already being seen in the industry and at the farm level,” says Alison Walden-Coleman, research projects manager with CFCRA. “This year has been very successful with 10 new varieties being released to the market,” she continues.

These 10 varieties are currently licensed to industry seed companies and several have already been made commercially available to farmers.

The CFCRA is an alliance of provincial farm organizations and industry partners. In partnership with Agriculture and Agri-Food Canada through the Developing Innovative Agri-Products program, $5.7 million is being invested over three years for the project.

The project will improve crop genetics and develop new varieties tailored to meet the needs of the marketplace. Farmers from Manitoba, Ontario, Quebec and the Maritimes have come together to ensure that farmers have access to globally competitive varieties for years to come.

The successful introduction of new soybean varieties is just the first triumph to come out of this project and Grain Farmers of Ontario is looking forward to seeing more results in the six crops the project covers over the next few years. In addition to soybeans, this project is investing funds in breeding efforts in corn, winter wheat, spring wheat, oats and barley.

For more details on Ontario soybean varieties, visit www.gosoy.ca.

For more information about these projects, visit www.gfo.ca/research.

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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