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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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Weekly Commentary

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Grain Market Commentary for September 20, 2017

Wednesday, September 20, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.50  01 cents
Soybeans CBOT November 9.70  11 cents
Wheat CBOT December 4.50  07 cents
Wheat Minn. December 6.22  12 cents
Wheat Kansas December 4.48  05 cents
Chicago Oats December 2.46  08 cents
Canadian $ December 0.8115  0.75 points

Harvest 2017 prices as of the close, September 20 are as follows:
SWW @ $190.53/MT ($5.19/bu), HRW @ $199.60/MT ($5.43/bu),
HRS @ $241.11/MT ($6.56/bu), SRW @ $195.06/MT ($5.31/bu).

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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