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Ontario applicants being sought for ASA/Dupont Young Leader Program

GUELPH, ON (June 6, 2012) – Grain Farmers of Ontario, the American Soybean Association (ASA) and Pioneer Hi-Bred, a DuPont Business, are seeking applicants for the 2013 Young Leader Program. The Young Leader Program is recognized throughout agriculture for its longstanding tradition of identifying and cultivating the producer-leaders who are shaping the Canada/U.S. soybean industry.

2013 marks the 29th year of the program.  "The Young Leader Program is an exceptional leadership training program," said ASA President Steve Wellman. “The knowledge gained from this program can be put to use immediately–not only in business, but personally as well. Soybean producers who are looking to take on future leadership roles at the provincial and/or national level should pursue this training as the first step on their journey.”

The 2013 class of Young Leaders and their spouses will participate in a challenging and educational leadership experience Nov. 27-30, 2012 at Pioneer headquarters in Johnston, Iowa, and Feb. 26-March 2, 2013 in Kissimmee, Fla., coinciding with the annual Commodity Classic Convention and Trade Show.  This program offers the opportunity for participants to enhance their leadership skills, as well as meet and learn from other young leaders from around North America.

Applications will be accepted starting June 1 through August 1, 2012.  Interested applicants should apply online at www.gfo.ca/youngleadersprogram.  ASA, its 26 state affiliates, including the Grain Farmers of Ontario, and Pioneer will work together to identify the top producers to represent their province/state as part of this program. One couple or individual from Canada will be chosen to participate.

For questions or to obtain a hard copy application, please contact Valerie Gilvesy, Grain Farmers of Ontario Member Relations Coordinator at 226-979-5581 or vgilvesy@gfo.ca.

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.

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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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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