GFO Newsletter for January 2016

GET THE LATEST NEWS FROM GRAIN FARMERS OF ONTARIO

IMPORTANT NOTICE TO WHEAT PRODUCERS
In 2015, a new growth regulator was approved for Canadian wheat production known as Manipulator. Manipulator is registered in Canada but not in the U.S. at the present time. Manipulator’s function is to limit straw production while allowing the energy to be diverted to the wheat head, thereby increasing yield. As a farmer considering the use of Manipulator, please check with your grain dealer/elevator to ensure they will be accepting wheat treated with Manipulator, prior to using the chemical.

MARKET COMMENTARY
by Philip Shaw
In the November United States Department of Agriculture (USDA) crop report, U.S. national corn production was raised to 13.65 billion bushels, 99 million more than their October report. This was based on a national U.S. corn yield of 169.3 bushels per acre. This will result in the second-highest average yield and the third largest production in U.S. history. The USDA also increased total soybean production to 3.98 billion bushels with a national yield pegged at 48.1 bushel per acre. The big crop keeps getting bigger, and off this news futures prices drifted downward in November before a brief turnaround in early December. The main story for Ontario grain pricing is the low value of the Canadian dollar which fell to 0.7397 on December 7. This continues to boost cash basis values for Ontario grain. •