News

Planting season fast approaching for grain farmers

GUELPH, ON (April 24, 2014) – Emerging from a uniquely long and harsh winter, farmers are keen to get out on the land and plant their crops.

The tough winter has left some areas with damaged winter wheat crops. The southwestern region of the province is looking better than expected, but towards central Ontario farmers are unsure of the crop’s condition.

“A real benefit of winter wheat is the ability to plant it in the fall and have a head-start on the growing season in the spring,” says Henry Van Ankum, Chair of Grain Farmers of Ontario. “With the winter wheat struggling this spring, and possibly needing to be replanted, we’ve lost some of that time advantage.”

Planting of other grain crops, like corn and soybeans, is also testing the patience of farmers across Ontario. The tremendous amount of snow received in many areas this winter has resulted in excessive moisture in many fields. Until that moisture is pulled out of the surface, planting equipment will remain in the shed.

“We know we aren’t the only groups feeling some pain after such a challenging winter,” says Van Ankum. “We’re hearing that many other groups are reporting losses as well – from wildlife to pollinators.”

Certainly, one of the questions on many farmers’ minds is how the honeybee population fared through the ice, snow, and extreme cold. Over the past few weeks, as beekeepers have opened their hives and winterkill bee losses have been reported. The population loss numbers have not been released, but historically, cold spikes and long winters have proven detrimental to honeybees.

“Every spring, those of us in agriculture have to evaluate the effects of the winter,” says Van Ankum. “We are certainly glad to be through winter, but the losses and damage we are seeing this spring may create an uphill course for the 2014 season.” 

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

Henry Van Ankum, Chair - 519-835-4200; henryvanankum@sympatico.ca

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Grain Market Commentary for January 17, 2018

Wednesday, January 17, 2018

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Commodity Period Price Weekly Movement
Corn CBOT March 3.53  04 cents
Soybeans CBOT March 9.69  15 cents
Wheat CBOT March 4.21  13 cents
Wheat Minn. March 6.12  22 cents
Wheat Kansas March 4.27  13 cents
Chicago Oats March 2.54  09 cents
Canadian $ March 0.8060  0.80 points

Cash Grain prices as of the close, January 17, are as follows: SWW @ $176.58/MT ($4.81/bu), HRW @ $181.14/MT ($4.93/bu), HRS @ $231.22/MT ($6.29/bu), SRW @ $176.58/MT ($4.81/bu).

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US and World

Winter weather blows across North American farm country as another year has gone and we greet 2018. The 2017 growing season was very uneven across North America, but memories of that are fading. Grain prices have suffered under the specter of big crop numbers that have been projected by both the USDA and private analysts throughout 2017. The January USDA report is always the final report on the crop year that past. On January 12th the USDA released a plethora of crop numbers, which will define the grain marketplace for the coming year.

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On January 12th, the USDA increased 2017 US corn production to 14.6 billion bushels, on a harvested acreage of 82.7 million acres. The average yield was increased to 176.6 bushels per acre, which was 2 bushels above the 2016/17 crop. 2017/18 corn ending stocks were raised to 2.48 billion bushels. Total corn usage was actually reduced to 14.470 billion bushels, down from 14.485 last month. US exports are down and US ethanol corn usage was down from December. Corn stored on December 1 was 12.516 billion bushels, which was above trade expectations.

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