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New report confirms value of neonicotinoids to corn and soybeans

GUELPH, ON (January 7, 2016) – A new report, released yesterday by Canada’s Pest Management Regulatory Agency (PMRA), confirms the value of neonicotinoid seed treatments used on corn and soybeans in Ontario.

The report expresses that the potential economic benefits at the farm level can be “critical to crop production in cases where pest pressures would require the producer to replant the entire crop, or when several pests are present in a given field, or when the pest affects end product marketability”.

“The PMRA report is aligned with what our organization has been expressing over the past few years and with what our farmer-members experience in the fields,” says Mark Brock, Chair of Grain Farmers of Ontario. “Pest management is a huge part of grain farming and is essential to ensure a quality end crop, and neonicotinoid seed treatments have been a highly effective tool for Ontario farmers to date.”

In the same PMRA report, it is stated: “identifying pest pressure poses considerable challenges for growers” and “the value of these seed treatments could be substantial for affected growers”.

Grain Farmers of Ontario agrees with these key statements and continues to struggle with the Ontario government’s seed treatment regulations, which include impractical methods and timelines for pest identification. It is evident, and now confirmed by the PMRA, that there is significant and sometimes critical need for neonicotinoid seed treatments on corn and soybeans in Ontario.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

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

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Grain Market Commentary for January 17, 2018

Wednesday, January 17, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

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Market Trends Report for January-February 2018

Monday, January 15, 2018

US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

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On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

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