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Grain Farmers of Ontario-Dupont Young Leader Program successful candidates chosen

GUELPH, ON (September 2, 2011) – Grain Farmers of Ontario has selected Dave Park and Christine Russell, from Lambton County, as the Canadian representatives for the 2012 American Soybean Association (ASA) and Dupont Young Leader Program.

This program offers an excellent opportunity to help train Ontario’s future farm leaders. Participants benefit from lessons in public speaking and exposure to other successful farm operations, while the greater agriculture sector will benefit from their personal enhancement.

Several applications were received, all were reviewed by committee and interviews were conducted with a short list of candidates. “We had a great group of applicants this year and were impressed to see such a keen interest from our younger members” says Barry Senft, CEO of Grain Farmers of Ontario. 

Dave and Christine farm near Sarnia with Dave’s father. They have approximately 10,500 acres of corn, soybeans, and wheat.  In addition to farming, they operate a seed business whereby they grow, process, package and store soybean seed. Avid innovators with an eye to the future, they have adopted robotics on their packaging line, creating a more ergonomic work environment, while increasing efficiencies and cutting down on labour costs. “They are ideal candidates for this program,” added Senft.

The 2012 class of Young Leaders will participate in a challenging and educational leadership experience beginning in November 2011 at the Pioneer headquarters in Johnston, Iowa, and then complete training in February 2012 in Nashville, Tennessee in conjunction with the annual Commodity Classic. 

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 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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