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Grain Farmers of Ontario public outreach at the Royal

Toronto, Ontario - Grain Farmers of Ontario have a significant presence at this year’s Royal Agricultural Winter Fair, from November 6 to 15.  Feature exhibits include the Soy House and a booth dedicated to education about Ontario Wheat.  Both exhibits will be located in Hall B of the Direct Energy Center, Exhibition Place. 

The Soy House, one of this year’s major attractions at the Royal, is constructed as much as possible from and designed with soy-based products.  It is being presented by Ontario’s soybean farmers, in partnership with Quality Engineered Homes of Kenilworth and Habitat for Humanity Halton.  The house will draw attention to opportunities that exist for Ontario’s Identity Preserved (IP) soybean capabilities to extend to renewable products made from specialty trait soybeans.  After the conclusion of the Royal, the Soy House will be placed on a Habitat for Humanity foundation in Acton, Ontario, with the goal of having a Habitat family in the home by Christmas.  

Adjacent to the Soy House, in the Journey to Your Good Health area, Soyfoods Canada will be promoting soy as a great-tasting, healthy ingredient in quick and easy ‘on the go’ family meals.  Isoflavone-rich soy foods and beverages will be sampled, and knowledgeable nutrition professionals will answer questions about soy’s role in a balanced diet.      

Ontario Wheat will be featured through a partnership with the Canadian International Grains Institute.  In the wheat booth, visitors will be encouraged to mill their own flour from both soft and hard Ontario wheat, and then see and feel the differences in the resulting flour samples and their end uses.  The display will also feature information about the process of making cookies, pasta, bread and pizza dough from Ontario wheat.

Weetabix Canada has partnered up with Ontario Wheat, to send a very important message to Ontario’s consumers that the signature biscuit cereal, Wholegrain Weetabix, is made with 100% grown, sourced and manufactured Ontario wheat.  The booth will highlight local messaging to consumers who already love Weetabix cereal as well as bring awareness to new consumers, looking for a great local cereal to add to their grocery baskets.

Grain Farmers of Ontario (GFO) is the province’s newest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers.  The crops they grow cover 5 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 well over 40,000 jobs. 

Key Grain Farmers of Ontario activity areas are:   

  • research & innovation;

  • wheat marketing & market development;

  • production information; and

  • public outreach, policy development & advocacy.  

Contact:

Barry Senft, CEO - 1-800-265-0550; bsenft@gfo.ca

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Weekly Commentary

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Grain Market Commentary for October 18, 2017

Wednesday, October 18, 2017

Commodity Period Price Weekly Movement
Corn CBOT December 3.48  01 cents
Soybeans CBOT November 9.84  08 cents
Wheat CBOT December 4.30  01 cents
Wheat Minn. December 6.10  02 cents
Wheat Kansas December 4.28  02 cents
Chicago Oats December 2.68  06 cents
Canadian $ December 0.8025  0.10 points

Harvest 2017 prices as of the close, October 18 are as follows: SWW @ $183.15/MT ($4.98/bu), HRW @ $192.30/MT ($5.23/bu), HRS @ $238.09/MT ($6.48/bu), SRW @ $187.72/MT ($5.11/bu).

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Market Trends

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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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