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 July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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