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GRAIN FARMERS OF ONTARIO AND SGS CANADA, INC. OPEN GRAINS ANALYTICAL TESTING LABORATORY THROUGH A HISTORIC JOINT VENTURE AGREEMENT

Special ribbon cutting ceremony and tours of Canada's first private commercial grains analytical testing lab

MEDIA ADVISORY – GUELPH, ON (July 6, 2016)

Grain Farmers of Ontario, the province's largest commodity organization, and SGS Canada Inc., the world's leading company in testing, inspection and certification, will be opening the first private commercial grains analytical testing facility for cereal crops. This is the first time in Canada a producer organization and private company joined to develop a laboratory of this nature.

The laboratory will help better position Canadian farmers and Canadian cereal crops as a leader both in domestic and international markets. The lab will conduct a full suite of tests including rheological testing, physical dough and bake testing, protein levels, and more.

On Monday, July 11 special guests will talk about the lab’s capabilities to fully support the growth of grain farmers, processors and millers in Canada by providing quality data to aid in their marketing efforts. The work performed in the laboratory will enhance customer confidence in Canadian grain both domestically and internationally by providing extensive quality assessments that solidify the reputation of Canadian crops.

When:

12:45 p.m. to 2:00 p.m. (ET), Monday, July 11, 2016

What:

Ribbon cutting ceremony followed by tours of the Grains Analytical Testing Laboratory

Who:

Mark Brock, Chair, Grain Farmers of Ontario

Barry Senft, CEO, Grain Farmers of Ontario

Don Slobodzian, VP of Agriculture and Food, SGS Canada Inc.

Where:

503 Imperial Road North, Guelph ON

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, 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.

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:

Nicole Mackellar, Market Development Manager, Grain Farmers of Ontario - 1-800-265-0550; mmackellar@gfo.ca

Fulvio Martinez, Media Relations Manager, SGS Canada Inc. - 647-828-0411; fulvio.martinez@sgs.com

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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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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.

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