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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 July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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