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Wheat challenges highlighted at Grain Farmers of Ontario March Classic

LONDON, ON (MARCH 21, 2011) – Excitement was building about the upcoming crop year as Grain Farmers of Ontario launched the 2011 Spring Wheat Challenge and highlighted the 2011 Winter Wheat Challenge at the March Classic.

The two challenges are part of Grain Farmers of Ontario’s suite of production challenges which aim to recognize the elite farmers of Ontario while providing an important venue for discussion of production practices that lead to high yields and good quality crops.

“Ontario has excellent wheat growers and it’s important we celebrate that,” says Don Kenny, chair of Grain Farmers of Ontario. “They are friendly competitions that all wheat farmers should consider. Even if you don’t think you’re going to win, it’s a great way to learn about what you’re neighbours and friends are doing to achieve those high yields,” he continues.

The 2011 Spring Wheat Challenge comes on the heels of the successful inaugural year of the competition. The average yield for last year’s registrants was 71.9 bushels per acre, a whopping 36 percent higher than the provincial average for the year.

2011 is the first year of the Winter Wheat Challenge. “Many farmers have been thinking about their winning strategies since the fall when the challenge was announced at Canada’s Outdoor Farm Show,” says Crosby Devitt, manager of research and market development at Grain Farmers of Ontario. “But if early scouting is telling you that your crop is in good shape, you should definitely register for the challenge,” he continues.

In both challenges, the first place winner will take home a $1,500 prize with the second highest yield being awarded $750. The third place winner will receive $500.

The challenges are open to all spring and winter wheat growers in the province and all legal production practices are permitted. Certified seed must be used and the wheat must be graded at milling quality, either grade 1, 2 or 3.

Both challenges are made possible by generous support from Bayer CropScience, C&M Seeds and Hyland Seeds.

Farmers can collect registration cards from Grain Farmers of Ontario or our industry sponsors. Challenge information including rules and a downloadable registration card is also available at www.gfo.ca/springwheatchallenge and www.gfo.ca/winterwheatchallenge.

The deadline to register for the Spring Wheat Challenge is June 30, 2011 and the deadline to register for the Winter Wheat Challenge is May 2, 2011.

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.

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Grain Market Commentary for October 12, 2017

Thursday, October 12, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.49  06 cents
Soybeans CBOT November 9.92  34 cents
Wheat CBOT December 4.30  12 cents
Wheat Minn. December 6.12  02 cents
Wheat Kansas December 4.26  10 cents
Chicago Oats December 2.62  16 cents
Canadian $ December 0.8030  0.15 points

Harvest 2017 prices as of the close, October 12 are as follows: SWW @ $183.52/MT ($4.99/bu), HRW @ $192.67/MT ($5.24/bu), HRS @ $238.89/MT ($6.50/bu), SRW @ $188.09/MT ($5.12/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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