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GRAIN FARMERS OF ONTARIO AND SGS CANADA INC. ANNOUNCE THE GRAND OPENING OF THE GRAINS ANALYTICAL TESTING LABORATORY

GUELPH, ON (July 11, 2016) – Grain Farmers of Ontario and SGS Canada Inc. unveiled the Grains Analytical Testing Laboratory during a ribbon cutting ceremony on Monday, July 11. Grain industry professionals from across Ontario were in attendance to mark the historic occasion.

"This grand opening is the first time a producer organization and a private company joined to open a lab of this nature in Canada," says Barry Senft, CEO of Grain Farmers of Ontario. "We are pleased to work with SGS Canada on this initiative and look forward to the value-added opportunities it will bring Ontario farmers through a better understanding of Ontario cereal crops."

SGS Canada and Grain Farmers of Ontario representatives outlined the lab is a historic joint venture as the first private commercial grains and analytical testing facility for cereal crops in Canada. The laboratory will better position Canadian farmers in both domestic and export markets, and will grow to include corn and soybeans in the future. Data gained will be used by Grain Farmers of Ontario to conduct their annual Ontario Wheat Quality scoop, in addition to other market development and research projects.

"This lab is our way to help this industry be more competitive, better informed and more innovative," says Don Slobodzian, Vice President Agriculture and Food, SGS Canada. "It is a welcome addition to our Agriculture Testing Facility, which already performs soil and feed testing, as well as greenhouse analytical services."

Located at SGS’s testing facility in Guelph, Ont. the Grains Analytical Testing Laboratory offers a full suite of tests including rheological testing, physical dough and bake testing, protein levels and more. The lab will also offer commercial services for Ontario, Canadian and North American millers and processors.

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.

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 -  1-800-265-0550; bsenft@gfo.ca

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Grain Market Commentary for November 15, 2017

Thursday, November 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.38  10 cents
Soybeans CBOT January 9.75  15 cents
Wheat CBOT December 4.20  02 cents
Wheat Minn. December 6.25  11 cents
Wheat Kansas December 4.18  02 cents
Chicago Oats December 2.69  02 cents
Canadian $ December 0.7835  0.60 points

Cash grain prices as of the close, November 15 are as follows: SWW @ $182.95/MT ($4.98/bu), HRW @ $192.33/MT ($5.23/bu), HRS @ $251.44/MT ($6.84/bu), SRW @ $187.64/MT ($5.11/bu).

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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