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Ontario grains laboratory development underway

GUELPH, ON (January 5, 2016) – A joint venture agreement has been signed between Grain Farmers of Ontario and SGS Canada to develop the Ontario Grains Laboratory, a full analytical testing facility for cereal crops.

The laboratory is expected to be fully operational this spring to conduct a full suite of tests including rheological testing, physical dough and bake testing, protein levels, and more.

“This lab will be the first of its kind in our province and will position Ontario as a strong leader, for domestic and international markets, in cereal crops,” says Barry Senft, CEO of Grain Farmers of Ontario. “We are very pleased to officially announce this initiative with SGS Canada and we are confident that, upon completion, this lab will be a great asset to the grain industry.” 

The lab will be dedicated to Ontario cereal crops and housed in SGS’s existing testing facility in Guelph, Ontario. Once established, the lab will also offer full commercial services for Ontario, Canadian and North American millers and processors.

“SGS Canada currently provides inspection and testing services for the agriculture industry,” says Don Slobodzian, Vice President Agriculture and Food, SGS Canada. “The Ontario Grains Laboratory allows us to draw on our existing expertise to open a whole new penetration of our business for the Canadian market, especially in Ontario.”

The joint venture agreement was signed in December and development is well underway with equipment purchases and resource hiring. Grain Farmers of Ontario is investing in capital to develop the laboratory. In return, Grain Farmers of Ontario will receive a credit for services at the lab to be used to conduct their annual Ontario Wheat Quality scoop and other market development and research projects.  

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:

Nicole Mackellar, Manager, Market Development - 1-800-265-0550; nmackellar@gfo.ca

Fraser Gilbert, Senior Strategic Business Development, Agricultural Services, SGS Canada Inc. - 604-629-1890; fraser.gilbert@sgs.com

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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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