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GRAIN FARMERS OF ONTARIO AND SGS CANADA INC. ANNOUNCE ONTARIO GRAINS LAB COMMERCIAL MANAGER – CEREAL

GUELPH, ON (May 24, 2016) – Grain Farmers of Ontario and SGS Canada Inc. are pleased to announce that Paolo Santangelo has joined the Ontario Grains Lab as Commercial Manager – Cereal.

Santangelo will lead the Ontario Grains Lab in its development as a leading analytical testing facility in Canada. The position will focus on working with Ontario and Canadian cereal crops to improve value-added usage within domestic and export markets. The position will also act as a technical support liaison with North American millers and customers. Santangelo will begin this role on June 6th, 2016.

“We are delighted to have Paolo join the Ontario Grains Lab,” says Barry Senft, CEO of Grain Farmers of Ontario. “He has a wide range of valuable experience that will help position Ontario as a leader in supplying high quality cereal products to both domestic and export markets.”

Santangelo brings more than 12 years of experience in the manufacturing of food ingredients, including most recently with Rogers Foods Ltd. serving as Director of Quality and Technical Sales. He holds a BSc. in Biological Sciences from the University of Lethbridge; a diploma in Pure and Applied Science from John Abbott College; a diploma of Practical Milling from the Association of Operative Millers and is a certified baker through the American Institute of Baking.

“We are very fortunate to have someone of Santangelo’s calibre joining the Ontario Grains Lab,” says Don Slobodzian, Vice President Agriculture and Food, SGS Canada. “Through his guidance and leadership, the Ontario Grains Lab will open a whole new business segment in the Canadian market for SGS Canada, driving the grain sector forward in Ontario and across Canada.”

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 over 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.

Ontario Grains Lab

The Ontario Grains Lab is a joint venture between Grain Farmers of Ontario and SGS Canada Inc. that will see the development of a full analytical testing facility for cereal crops. Located in Guelph, Ontario the lab will offer a full suite of tests including rheological testing, physical dough and bake testing, protein levels and more. The lab will be dedicated to Ontario cereal crops but will also offer full commercial services for Ontario, Canadian and North American millers and processors.

SGS Canada

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world. SGS Canada Inc. is part of this global network, operating in nine business lines with a team of 2000 in 70 locations across the country.

Contact:

Fulvio Martinez, Media Relations Manager, SGS Canada Inc. – 647-929-0411; Fulvio.Martinez@sgs.com

Nicole Mackellar, Manager, Market Development, Grain Farmers of Ontario – 519-767-4124; nmackellar@gfo.ca

Barry Senft, CEO, Grain Farmers of Ontario – 1-800 265-0550; bsenft@gfo.ca

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Grain Market Commentary for October 12, 2017

Thursday, October 12, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.49  06 cents
Soybeans CBOT November 9.92  34 cents
Wheat CBOT December 4.30  12 cents
Wheat Minn. December 6.12  02 cents
Wheat Kansas December 4.26  10 cents
Chicago Oats December 2.62  16 cents
Canadian $ December 0.8030  0.15 points

Harvest 2017 prices as of the close, October 12 are as follows: SWW @ $183.52/MT ($4.99/bu), HRW @ $192.67/MT ($5.24/bu), HRS @ $238.89/MT ($6.50/bu), SRW @ $188.09/MT ($5.12/bu).

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Market Trends Report for October-November 2017

Monday, October 16, 2017

It is that time of year again when combines are rolling. However, uneven weather in parts of the American corn belt and Ontario has delayed harvest. There is nothing particularly unusual about this as we have it every year. US crops are huge coming off the fields and the market will certainly be making further adjustments. The final determinant on yield will come in the January USDA report. However, the October USDA report released October 12th helped to re-focus the trajectory of grain prices as we head into the end of the 2017.

In the October 12th report USDA increased US national corn yield to 171.8 bushels per acre, an increase of 1.9 bushels per acre over their September estimate. This put 2017/2018-corn production at 14.28 billion bushels on the high-end of pre-report estimates. The USDA also pegged corn-ending stocks at 2.34 billion bushels, which was up 5 million bushels from their September estimate. This number was a bit of a surprise especially with which dry weather throughout the American Midwest the summer.

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USDA estimated soybean production to be at 4.431 billion bushels, which was a decrease from their September estimate. This was based on a .4 bushel/acre cut in US national yield down to 49.5 bushels per acre. However, the US soybean harvested acreage is at a record high of 89.5 million acres, which was up 1% from the USDA September estimate. The US domestic soybean ending stocks were also pegged at 430 million bushels, which was down 45 million bushels from their September estimate. This was generally looked at as bullish on report day and soybeans responded by going up $.26 a bushel. US domestic wheat stocks were set at 960 million bushels, which was 27 million bushels higher than their September estimate.

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