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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 August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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