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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 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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