News Details

2019 5th Annual Risk Management Ontario Planting Intentions Report final results corn acres record high up +5.78% at 2.279,514 million!

(Apr 08, 2019)

The largest increases are from Western, Central and Southern Ontario. 2019 soybean acres will remain above 3 million acres, up +0.10% Y/Y or up +3,222 acres, with a decline in Western Ontario offset by an increase in Southern Ontario. IP soybean acres will be up 13.21%. Total all wheat acres will be down 8.56% to 918,724 acres and below the 5-year average. The largest drop in wheat acreage is from Southern Ontario. Total SRW wheat acres come in at 681,000 acres.

Moe Agostino, Chief Commodity Strategist with Risk Management, says “record 2018 yields are outweighing any disease issues with VOM (DON) from 2018.” Steve Denys, Director of Business Management for Maizex Seeds, says “he is not surprised by the results as heavy clay areas like Essex and Lambton would switch to soybean acres, but everyone else would plant more corn acres.” He went on to say that, “Ontario farmers are making seed variety decisions in 2019, adjusting planting dates, population sizes and when to fungicide to minimize the impact of DON in their corn fields in 2019.”

Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.