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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 February 7, 2018

Thursday, February 08, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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