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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 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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