News

Planting season fast approaching for grain farmers

GUELPH, ON (April 24, 2014) – Emerging from a uniquely long and harsh winter, farmers are keen to get out on the land and plant their crops.

The tough winter has left some areas with damaged winter wheat crops. The southwestern region of the province is looking better than expected, but towards central Ontario farmers are unsure of the crop’s condition.

“A real benefit of winter wheat is the ability to plant it in the fall and have a head-start on the growing season in the spring,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “With the winter wheat struggling this spring, and possibly needing to be replanted, we’ve lost some of that time advantage.”

Planting of other grain crops, like corn and soybeans, is also testing the patience of farmers across Ontario. The tremendous amount of snow received in many areas this winter has resulted in excessive moisture in many fields. Until that moisture is pulled out of the surface, planting equipment will remain in the shed.

“We know we aren’t the only groups feeling some pain after such a challenging winter,” says Van Ankum. “We’re hearing that many other groups are reporting losses as well – from wildlife to pollinators.”

Certainly, one of the questions on many farmers’ minds is how the honeybee population fared through the ice, snow, and extreme cold. Over the past few weeks, as beekeepers have opened their hives and winterkill bee losses have been reported. The population loss numbers have not been released, but historically, cold spikes and long winters have proven detrimental to honeybees.

“Every spring, those of us in agriculture have to evaluate the effects of the winter,” says Van Ankum. “We are certainly glad to be through winter, but the losses and damage we are seeing this spring may create an uphill course for the 2014 season.” 

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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