Government of Canada and Industry Funders contribute more than $14 million to agriculture research
ST. ISIDORE, ON (January 23, 2019) – Grain Farmers of Ontario, the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, soybean and wheat farmers, today announces new research funding has been achieved for the national Corn Project and national Oat Project. This new funding, along with last week’s announcement of research investment dollars for the Soybean Cluster, brings more than $14 million to research projects that will greatly benefit grain farmers in Ontario.
It is an unusual mid January for many reasons across the grain complex. One of the main reasons it’s unusual is because there was no final USDA report, which was scheduled for January 11th because of the US government shutdown. Often times the January report serves as a flashpoint for market action putting the final numbers on the previous year’s crop. This year, with the USDA report canceled or postponed all of this drama has been muted. The grain futures market simply forges ahead based on information known and unknown.