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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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Grain Market Commentary for October 18, 2017

Wednesday, October 18, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.48  01 cents
Soybeans CBOT November 9.84  08 cents
Wheat CBOT December 4.30  01 cents
Wheat Minn. December 6.10  02 cents
Wheat Kansas December 4.28  02 cents
Chicago Oats December 2.68  06 cents
Canadian $ December 0.8025  0.10 points

Harvest 2017 prices as of the close, October 18 are as follows: SWW @ $183.15/MT ($4.98/bu), HRW @ $192.30/MT ($5.23/bu), HRS @ $238.09/MT ($6.48/bu), SRW @ $187.72/MT ($5.11/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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