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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 November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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