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Research funding ensures future of Ontario grains

GUELPH, ON (September 9, 2013) – Grain Farmers of Ontario wishes to express their optimism for the future of Ontario grains following today’s announcement of funding for a breeding project led by the Canadian Field Crop Research Alliance (CFCRA) under Growing Forward 2 (GF2).

The “Canadian Field Crop Genetics Improvement Cluster”, a five-year, $10.3 million initiative, will bring together researchers from the public and private sectors to enhance the genetics of grain corn, soybeans, oats, and barley in order to produce high-yielding, low input, disease-resistant varieties.

“This research will address the unique climate and specialized markets of Ontario while also meeting the need for value-added traits that deliver higher levels of nutrition and improved processing attributes,” says Barry Senft, CEO of Grain Farmers of Ontario. “Any promising varieties that are developed as a result of this research are expected to be commercialized, ensuring our farmers will remain competitive.”

Grain Farmers of Ontario is pleased that the federal government recognizes the importance of plant breeding through their investment in this initiative. We believe it will build upon the success of a previous breeding project completed by the CFCRA under the initial Growing Forward program.

Grain Farmers of Ontario is a member of the CFCRA, a not-for-profit entity founded in 2010 with an interest in advancing the genetic capacity of field crops in Canada, particularly corn, soybean, wheat, barley, and oat. 

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 November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/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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