News

Candidate chosen for ASA/Dupont Young Leader Program

GUELPH, ON (August 22, 2013) – Grain Farmers of Ontario has selected Middlesex County farmers Rob and Cindy Foster as the Canadian representatives for the 2014 American Soybean Association (ASA)/DuPont Young Leader Program.

This program offers a unique opportunity for future farm leaders to enhance their leadership skills and network with other young leaders. Participants learn about their personal leadership style and how to achieve a greater level of success in their business.

After all applicants were reviewed and interviewed by committee, the Fosters were chosen for their dedication to farming and their community. “All of our candidates impressed us with their agricultural and civic involvement,” says Valerie Gilvesy, Member Relations, Grain Farmers of Ontario. “It’s reassuring to see so many of our young members taking active leadership roles. They represent a strong future for the grain industry in Ontario.”

Rob and Cindy farm 1,400 acres of corn, soybeans and wheat in Ilderton, ON along with Rob’s parents. This year, they planted 450 acres of soybeans using a no-till system. They have spent several years focusing on natural resource stewardship and improving soil health. Soybean varieties are carefully chosen to provide a high yielding, quality product suitable for the premium food market. Off-farm, Rob and Cindy are involved in several agricultural organizations and volunteer for their children’s school and athletic activities.

The 2014 class of Young Leaders will participate in a challenging and educational two-part training program. They will meet for the first time at Pioneer’s headquarters in Johnston, Iowa, November 19 - 22, 2013. The program will continue February 25 - March 1, 2014 in San Antonio, Texas with training held in conjunction with the annual Commodity Classic Convention and Trade Show.

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 November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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