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Grain Farmers of Ontario annual harvest survey begins

GUELPH, ON (August 5, 2011) – Grain Farmers of Ontario is once again conducting the annual wheat harvest survey that will provide our buyers with qualitative data from the 2011 wheat harvest.  Results to date show good test weights and solid grade #2 wheat and milling and baking tests have begun on the first half of the crop.

For the Grain Farmers of Ontario, having the quality of wheat that buyers are looking for is essential to maintaining the domestic and international reputation of our wheat and the profitable success of our farmer members.  An annual survey allows for our customers to compare this year’s wheat quality to years past and adjust their grist to ensure a seamless transition between crop years.

“The result of the quality inspection is a snapshot of the quality of Ontario’s wheat that we make available to everyone in the industry,” says Mike Reimer Ontario Wheat Technologist with the Canadian International Grains Institute (CIGI).

The Harvest Survey is conducted each year at this time right across the province in order to understand the overall quality of the year’s Ontario wheat crop and identify points of regional differentiation. Harvest samples are collected from participating grain elevators and terminals throughout the harvest season. As grains are delivered, 1kg sample bags are taken and labeled with the variety of wheat and where it is grown then graded by the Canadian Grain Commission. The grain is then sent for milling followed by a flour quality inspection by the Canadian International Grains Institute in Winnipeg, MB.

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.

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Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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