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Research funding ensures future of Ontario grains

GUELPH, ON (September 9, 2013) – Grain Farmers of Ontario wishes to express their optimism for the future of Ontario grains following today’s announcement of funding for a breeding project led by the Canadian Field Crop Research Alliance (CFCRA) under Growing Forward 2 (GF2).

The “Canadian Field Crop Genetics Improvement Cluster”, a five-year, $10.3 million initiative, will bring together researchers from the public and private sectors to enhance the genetics of grain corn, soybeans, oats, and barley in order to produce high-yielding, low input, disease-resistant varieties.

“This research will address the unique climate and specialized markets of Ontario while also meeting the need for value-added traits that deliver higher levels of nutrition and improved processing attributes,” says Barry Senft, CEO of Grain Farmers of Ontario. “Any promising varieties that are developed as a result of this research are expected to be commercialized, ensuring our farmers will remain competitive.”

Grain Farmers of Ontario is pleased that the federal government recognizes the importance of plant breeding through their investment in this initiative. We believe it will build upon the success of a previous breeding project completed by the CFCRA under the initial Growing Forward program.

Grain Farmers of Ontario is a member of the CFCRA, a not-for-profit entity founded in 2010 with an interest in advancing the genetic capacity of field crops in Canada, particularly corn, soybean, wheat, barley, and oat. 

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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