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Annual district meetings in progress

Grain Farmers of Ontario will be holding Annual District Grain Committee Meetings during the month of January. These meetings are called to receive reports, elect the District delegates, alternates, and directors, and conduct other business as may properly come before the annual meeting. All barley, corn, oat, soybean, and wheat farmers are encouraged to attend their local meeting.

The schedule of district meetings is here.

Trent research funds total $4.25 million

GUELPH, ON (March 4, 2010)GFO was the first to offer support for Trent University’s Center for Knowledge in the Environment pledging $500,000 for biomaterials research and development. A powerful domino effect has resulted from this initial funding with government and private contributions now in excess of $4.25 million.

Most recently, Dr. Suresh Narine, the champion of this initiative, was awarded one of two $1.25 million Ontario Research Chairs in Green Chemistry and Engineering by the Council of Ontario Universities (COU) Ontario Research Chairs Selection Panel.  As Ontario Research Chair, Dr. Narine will receive funding of $250,000 a year for five years from the Ontario Ministry of the Environment.

GFO holds two seats on the Trent University Biomaterials Research Advisory Council (RAC) to provide direction on future research projects. GFO will also be allocated a percentage of any commercialization royalties resulting from these projects. All money received from royalties will be reinvested in biomaterial research and development.

The Trent program will have a big pay-off for soybean growers. “A key focus of the research is to establish new markets for soybean oil, particularly in the pharmaceutical, cosmetic, and lubricant industries” says Dale Petrie, VP Strategic Development at GFO. “Through segmentation of specialty-trait soybeans, value and demand for specific oil profiles will increase, leading to identity preserved (IP) premiums in the price per bushel.” 

The current operating money for the program is more than eight times the initial GFO funding. GFO congratulates Trent University and Dr. Narine for this accomplishment and is excited to learn new, innovative uses for soybean based bio-products.

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

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Episode 68: Research

Weekly Commentary

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Grain Market Commentary for January 17, 2018

Wednesday, January 17, 2018

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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Market Trends Report for January-February 2018

Monday, January 15, 2018

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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