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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 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 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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