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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 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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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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