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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 September 20, 2017

Wednesday, September 20, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.50  01 cents
Soybeans CBOT November 9.70  11 cents
Wheat CBOT December 4.50  07 cents
Wheat Minn. December 6.22  12 cents
Wheat Kansas December 4.48  05 cents
Chicago Oats December 2.46  08 cents
Canadian $ December 0.8115  0.75 points

Harvest 2017 prices as of the close, September 20 are as follows:
SWW @ $190.53/MT ($5.19/bu), HRW @ $199.60/MT ($5.43/bu),
HRS @ $241.11/MT ($6.56/bu), SRW @ $195.06/MT ($5.31/bu).

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Market Trends Report for September-October 2017

Monday, September 18, 2017

US and World

Across the US corn belt American farmers are starting to harvest another huge crop. The growing season was uneven with widespread drought in the Northwest plains and quite a wet start in the Eastern corn belt. This was accentuated by somewhat dry conditions in mid-summer, but it looks like good genetics and modern farming methods have won out. As we careen into October, US farmers are set to harvest their third-largest corn crop and the largest soybean crop ever.

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On September 12th the USDA released their latest estimates of US crops. USDA estimated US corn production would come in at 14.184 billion bushels, with an average yield of 169.9 bushels per acre. This was seen as a bit of a shock to the market as traders were expecting lower yield estimates. The USDA also increased 2017/18 ending stocks to 2.335 billion bushels, up 62 million from their August report. This US crop is approximately 6% less than last year with the yield 4.7 bushels per acre lower.

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