GrainTALK for March 2022
AN UPDATE ON GRAIN FARMERS OF ONTARIO NEWS AND EVENTS
NEW MANAGING EDITOR
Grain Farmers of Ontario is pleased to announce Mary Feldskov has been hired as the new managing editor for the Ontario Grain Farmer magazine. Feldskov joined the team at the beginning of February. You can contact her with article ideas and comments at mfeldskov@gfo.ca. •
GREAT LAKES YEN
The Great Lakes Yield Enhancement Network (YEN) is underway for 2022. The program looks at how to close the gap between potential and actual yield in your wheat field. You can follow the progress of farmers and researchers on their new Twitter account @GreatLakesYEN to keep up to date on all the latest news about the project. And for more information visit www.GreatLakesYEN.com. •
JANUARY DISTRICT MEETINGS PRIZE WINNERS
Thank you to all of our farmer-members who participated in this year’s January District Meetings via Zoom. All attendees were entered into a draw to win one of three tech prizes. Congratulations to our winners! Adam Pfeffer and Brian Green will both receive an Apple iPad, and our grand prize winner of an Apple MacBook is Mike Mitchell. •
PRIVACY POLICY
Grain Farmers of Ontario is committed to responsibly collecting, using, and disclosing information in compliance with the provincial Freedom of Information and Protection of Privacy Act and the federal Personal Information Protection and Electronic Documents Act. When you voluntarily provide us with any information, we will NOT rent, sell, or otherwise disseminate your information to ANY third party.
Please contact Grain Farmers of Ontario’s privacy officer at info@gfo.ca if you require additional information on privacy issues. •
MARKET COMMENTARY
by Philip Shaw
On January 12, the United States Department of Agriculture (USDA) pegged U.S. corn yield at 177 bushels per acre which means it is a record slightly above the 2017 record of 176.6 bushels per acre. Total corn production was 15.115 billion bushels. On the soybean side of the ledger the USDA increased average soybean yield for the 2021 crop; up slightly to 51.4 bushels per acre. This was still below the record yield of 52 bushels per acre. However, soybean production was pegged at 4.435 billion bushels which was up 10 million bushels from the December estimate putting it into record territory.
In Ontario, cash prices have improved through January and early February through grain futures and basis appreciation. The Canadian dollar has been fluttering near the mid 78 cents
U.S. level. •
