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The soy house lands in Acton

November 18, 2009 (Acton, ON) – What do household insulation, mattress foam and kitchen cabinets all have in common?  Soybeans! Yes Soybeans. The Soy House, the feature exhibit at this year’s Royal Agricultural Winter Fair enabled visitors to experience how soy can be used as an environmentally-friendly, sustainable replacement to petroleum oil in many household products. The house demonstrates the emerging soy market in Ontario and showcases the complete soybean value chain, from agricultural roots to people’s homes. By partnering with Quality Homes and Habitat for Humanity Halton, the first-ever Soy House has landed in Acton for a Habitat partner family to call home.

The commercial uses of soy are made possible by separating soybeans into two distinct and equally useful parts.  When crushed, 80 percent of the bean becomes high protein soy meal, which is used for human and animal consumption, while the remaining 20 percent becomes soy oil, which can be used as bio-fuels and as a sustainable replacement to petroleum oil. “The use of soy as a renewable alternative to petrochemicals enables the development of a wide array of greener, eco-friendly products for consumers,” said Dale Petrie, Director of Strategic Development and Innovation, Grain Farmers of Ontario.

A deserving Habitat family will benefit from living in the Soy House, which will have lower energy costs and features soy-based structural components, thereby reducing harmful off-gases, in everything from No-VOC paints and varnishes, adhesives, household insulation, kitchen cabinets and bathroom fixtures. “The partnership with Habitat for Humanity Halton was a natural fit as we showcase the benefits of using soy. Ontario soybean farmers and our partners are committed to volunteering with Habitat to complete the house, ensuring the partner family is able to move in as early as possible” continues Petrie.

"Ontario soybean farmers’ unique partnership with Habitat for Humanity Halton and Quality Homes has helped provide another family in the Halton region with a safe, decent, affordable place to live,” says Lynn Fergusson, Interim Executive Director, Habitat for Humanity Halton. “This unique partnership is proof of what can be done when passion, dedication and resources are pooled together, to truly make a difference in the community.”

“Quality Homes is proud to have partnered with Ontario’s soybean farmers to bring The Soy House to the Royal Agricultural Winter Fair and to Habitat for Humanity Halton,” says Howard Sher, Executive Vice-President, Quality Homes. “As custom home builders, we are always looking for new and innovative products and suppliers. The project has certainly introduced us to a range of environmentally-friendly, soy-based companies.”

Over the coming weeks all partners with join the selected family in completing the remaining work in order turn over the keys to their new home.

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Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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