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A perfect year for the Grain Farmers of Ontario soybean yield challenge

INGERSOLL, ON (December 14, 2010) – Winners of the Grain Farmers of Ontario (GFO) Soybean Yield Challenge were announced today at a banquet in Ingersoll. The three finalists for each of three provincial soybean maturity zone received prizes, for a total of nine winners.

“This was a really exciting year,” says Jaye Atkins, Vice President of Strategic Development at GFO. “We had 60 farmers complete the competition this year, which is nearly double last year’s competitors.”

With an average yield of 61.6 bushels per acre among all challenge participants, there is no doubt that this was a winning year for soybeans. “In many parts of the province, the weather was perfect for soybeans this year. We got lots of heat and many regions received rain at near-perfect times throughout the growing season,” says Crosby Devitt, Manager of Research and Market Development at GFO.

The winners in each zone received a cash prize and all winners and runners up received tickets to Canada’s Outdoor Farm show and their local farm show – London, Toronto or Ottawa.

The overall winner with the highest yield of all zones received a trip for two to the International Farm Machinery Show in Louisville, Kentucky.

The 2010 GFO Soybean Yield Challenge Winners are:

Overall Winner

  • Gordon Barrie & Sons, Bowmanville, Pioneer 91Y90, 74.15 bushels per acre

Zone 1 – 2700 CHU and under

Winner

  • Scott Thomson, St. Mary’s, NK S05-T6, 71.56 bushels per acre

Runners Up

  • Dave VanderBorgh, Wroxeter, OAC Drayton, 67.77 bushels per acre

  • John & Beth Nanne, Pakenham, NK S05-T6, 66.21 bushels per acre

Zone 2 – 2750 to 3000 CHU

Winner

  • Gordon Barrie & Sons, Bowmanville, Pioneer 91Y90, 74.15 bushels per acre

Runners Up

  • Frank Van Der Burg, Lancaster, Dekalb 281RY, 72.22 bushels per acre

  • R&J Fraser Farms, Ottawa, Pioneer 91Y90, 70.04 bushels per acre

Zone 3 – 3000 CHU and above

Winner

  • Mailloux Farms, Amherstburg, Pioneer 93Y20, 71.98 bushels per acre

Runners Up

  • Joseph Vanek, Chatham, NK S23-T5, 70.19 bushels per acre

  • Jon-Ern Farms, Blenheim, 5221RR2Y, 69.48 bushels per acre

GFO is the newest and largest commodity organization in Ontario, representing Ontario’s 28,000 corn, soybean and wheat farmers. The three crops cover 5 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. GFO is poised to have a significant impact on Ontario agriculture.

The Soybean Yield Challenge would not be possible without our generous sponsors. Special thanks to our Platinum Sponsors: Pride Seeds, Syngenta Seeds, BASF, Hyland Seeds, HiStick, Pioneer Hi-Bred, Monsanto and Dekalb. Thanks to our Gold Sponsors: Bramhill Seeds, Maizex, Country Farm Seeds and SeCan.

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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Commodity Period Price Weekly Movement
Corn CBOT March 3.65 ↑ 01 cents
Soybeans CBOT March 10.33 ↑ 14 cents
Wheat CBOT March 4.48 ↓ 06 cents
Wheat Minn. March 6.01 ↑ 01 cents
Wheat Kansas March 4.66 ↓ 09 cents
Chicago Oats March 2.59 ↓ 08 cents
Canadian $ March 0.7890 ↓ 1.03 points

Cash Grain prices as of the close, February 21, are as follows: SWW @ $205.96 ($5.61/bu), HRW @ $203.63/MT ($5.54/bu), HRS @ $231.13/MT ($6.29/bu), SRW @ $201.30/MT ($5.48/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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