News

New biodiesel market for Ontario soybeans

GUELPH, ON (September 24, 2013) – Grain Farmers of Ontario is pleased to acknowledge a potentially significant new market for Ontario soybeans. Great Lakes Biodiesel has begun production in Welland, Ontario.

This facility will be Canada’s largest biodiesel plant producing 170 million litres of biodiesel annually. The feedstock for this facility will be sourced primarily from processors who currently crush soybeans grown in the province of Ontario.

“This locally produced, renewable, and sustainable fuel is a win for the environment, for jobs and for the provincial economy,” says Henry Van Ankum, Chair, Grain Farmers of Ontario.

Grain Farmers of Ontario and Soy 20/20 have worked together to complete extensive research to encourage the Ontario Government that a made in Ontario biodiesel mandate is good for the provincial economy and good for the environment. Nationally, Canada has a 2% biodiesel mandate, and with the expansion of production in Ontario, Grain Farmers of Ontario hopes to see the implementation of a 2% provincial biodiesel mandate.

“It is important that we support the growth of this valuable market within our province,” says Van Ankum. “An Ontario mandate would demonstrate that commitment.”

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

Market Reports

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Market Trends Report for April-May 2017

Monday, April 24, 2017

US and World

It is that time. In the United States and to a very limited amount in Ontario planters are rolling across farm country. With the bearish tone set in the market coming off the March 31st USDA projected plantings report, there is much interest in just how many acres American farmers will plant in 2017. For the week ending April 16, 2017, American farmers had approximately 6% of the US corn crop planted compared to 12% last year. It is early yet and weather has not cooperated throughout the American Midwest. As we move ahead, those weather concerns will define the crop mix and ultimately market prices.

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Grain Market Commentary for April 19, 2017

Thursday, April 20, 2017

All of these reports include a weekly Ontario Wheat Market Commentary for the current season. Ontario Corn and Soybean Commentaries are also included; reflecting the overall Grain Farmers of Ontario perspective.


April 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT May 3.62  04 cents
Soybeans CBOT May 9.50  02 cents
Wheat CBOT May 4.19  15 cents
Wheat Minn. May 5.37  10 cents
Wheat Kansas May 4.17  13 cents
Chicago Oats May 2.18  07 cents
Canadian $ June 0.7420  0.95 points

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