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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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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