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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 July 19, 2017

Wednesday, July 19, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.82  03 cents
Soybeans CBOT November 10.12  25 cents
Wheat CBOT September 5.03  32 cents
Wheat Minn. September 7.75  06 cents
Wheat Kansas September 5.00  44 cents
Chicago Oats September 2.93  11 cents
Canadian $ September 0.7950  1.00 points

Harvest 2017 prices as of the close, July 19 are as follows:
SWW @ $218.72/MT ($5.95/bu), HRW @ $218.72/MT ($5.95/bu),
HRS @ $289.01/MT ($7.87/bu), SRW @ $217.90/MT ($5.93/bu).

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Special Post June 30 USDA Market Trends Report

Tuesday, July 04, 2017

US and the World

It can be an explosive time in the grain markets. Across the greater US corn belt corn, soybeans and wheat are showing great variability as we head into July. Historically, the July 4th weekend has always served as a market flashpoint as crops start to develop quickly and summer weather makes its impact. The June 30th USDA planted acreage estimates and quarterly stocks report also impact the market at this critical time. In 2017, we are here again and once again the USDA did provide some surprises for market action.

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In their June 30th USDA report many market observers were musing that US soybean acres may overtake US corn acres planted. However, that was not the case as USDA predicted US corn planting at 90.89 million acres and US soybean planting coming in at 89.51 million acres. US corn acreage is down 3.11 million acres from last year. The US soybean acreage was approximately 440,000 acres below pre report estimates, but still 7% higher than last year. All wheat acreage came in at approximately 45.66 million acres, which was the lowest since the USDA began keeping records in 1919.

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