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Farm innovation program needs renewal

GUELPH, ON (October 23, 2012) – Many projects funded through the Farm Innovation Program (FIP), a $12 million program that was part of Growing Forward, will be concluding over the next few weeks. Grain Farmers of Ontario is optimistic that a renewal of FIP will be considered in Growing Forward 2 because of the tremendous impact it has on Ontario agriculture.

To date, a total of $2.3 million has been allocated to corn, soybean and wheat projects through FIP and Grain Farmers of Ontario has used 100% of this allocation to fund a total of 29 projects. Some of the outcomes of the grain focused projects include the Corn Production Calculator, fact sheets about managing soybean cyst nematode (SCN), long term tillage and rotation trials, and a DNA barcode database of nearly 300 weeds of agriculture in Ontario.

The goal of FIP has been to increase the development, adaptation, assessment, and adoption of on-farm innovative technologies that help agricultural producers respond to changing demands.

“Each of our projects focused on real farm issues,” says Crosby Devitt, Manager of Market Development and Research at Grain Farmers of Ontario. “Through these projects new recommendations, or modifications to current production practices, have been developed that can significantly improve crop protection and yields for Ontario’s grain farmers.” 

Grain Farmers of Ontario is currently advocating for the renewal of FIP in Growing Forward 2. The funding is critical to continue conducting leading edge research dedicated to corn, soybean, and wheat production in our province.

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 August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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