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2016 Grains Innovation Fund open for proposals

GUELPH, ON (October 6, 2015) – Grain Farmers of Ontario has released its call for proposals for the 2016 Grains Innovation Fund.

A Market Development initiative, the Grains Innovation Fund is available to support the development of new and reformulated products and processes that have the potential to expand the markets for Ontario barley, corn, oat, soybean, and wheat crops or crop residues.

“Eligible projects will have a direct impact on Ontario grain farmers through an increase in returns to farmers or an increase in the use of Ontario grains,” says Barry Senft, CEO of Grain Farmers of Ontario. “Projects that demonstrate a return on investment for the grain industry as a whole – like increased infrastructure or a new processing facility – are also eligible.”

Projects which satisfy the eligibility criteria established for this fund can receive up to 60% of the cost of the project, up to a maximum of $50,000.

“We look forward to seeing what new innovations and ideas are out there,” says Senft. “It’s always invigorating to see increased investment in the Ontario grain industry and we hope to support some exciting growth opportunities for our industry.”

Interested companies must submit the application form found at www.gfo.ca/marketdevelopment. Prior to submission, companies are encouraged to contact Grain Farmers of Ontario to discuss their project idea – contact Nicole Mackellar at nmackellar@gfo.ca or 519-767-4124.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, 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:

Mark Brock, Chair - 519-274-3297; cropper01@hotmail.com

Meghan Burke, Communications – 519 767-2773; mburke@gfo.ca

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Grain Market Commentary for January 17, 2018

Wednesday, January 17, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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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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