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Research yields new soybean varieties

GUELPH, ON (August 12, 2011) – New genetics are becoming available to soybean farmers as a result of the success of a new public breeding program supported by Grain Farmers of Ontario.

The “Advanced Canadian Field Crops through Breeding” project began in April 2010 and will continue through till March 2013. This project is managed by the newly created Canadian Field Crop Research Alliance (CFCRA), which GFO is a founding member.

“Building on previous investments by Grain Farmers of Ontario and the members of the CFCRA, the Canadian soybean breeding programs have been very active and the impacts are already being seen in the industry and at the farm level,” says Alison Walden-Coleman, research projects manager with CFCRA. “This year has been very successful with 10 new varieties being released to the market,” she continues.

These 10 varieties are currently licensed to industry seed companies and several have already been made commercially available to farmers.

The CFCRA is an alliance of provincial farm organizations and industry partners. In partnership with Agriculture and Agri-Food Canada through the Developing Innovative Agri-Products program, $5.7 million is being invested over three years for the project.

The project will improve crop genetics and develop new varieties tailored to meet the needs of the marketplace. Farmers from Manitoba, Ontario, Quebec and the Maritimes have come together to ensure that farmers have access to globally competitive varieties for years to come.

The successful introduction of new soybean varieties is just the first triumph to come out of this project and Grain Farmers of Ontario is looking forward to seeing more results in the six crops the project covers over the next few years. In addition to soybeans, this project is investing funds in breeding efforts in corn, winter wheat, spring wheat, oats and barley.

For more details on Ontario soybean varieties, visit www.gosoy.ca.

For more information about these projects, visit www.gfo.ca/research.

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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Weekly Commentary

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Grain Market Commentary for September 13, 2017

Wednesday, September 13, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.51  10 cents
Soybeans CBOT November 9.60  11 cents
Wheat CBOT December 4.43  03 cents
Wheat Minn. December 6.43  01 cents
Wheat Kansas December 4.44  05 cents
Chicago Oats December 2.38  05 cents
Canadian $ December 0.8196  0.15 points

Harvest 2017 prices as of the close, September 13 are as follows:
SWW @ $182.92/MT ($4.98/bu), HRW @ $185.15/MT ($5.04/bu),
HRS @ $238.95/MT ($6.50/bu), SRW @ $182.91/MT ($4.98/bu).

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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