News

Pita-bagel in stores now!

Handi Foods Ltd releases new product using Ontario wheat

GUELPH, ON (July 26, 2010) – Handi Foods Ltd has released the new pita-bagel made with Ontario wheat!

Grain Farmers of Ontario (GFO) supported the development of this new product through the Wheat Innovation Support Fund. Discussions began in 2008 and the maximum grant amount of $25,000 was provided to assist with testing and development costs.

“We are excited to see this project come to fruition and are happy to see consumers enjoying more Ontario wheat products,” says Barry Senft, CEO of GFO.

The pita-bagel, sold under the Gourmet Pita brand name, is currently available in Longo’s, Sobeys Atlantic, and Metro/Food Basics Ontario and Quebec grocery stores.

“Our goal was to develop a bagel with a lighter texture than conventional bagels,” says Jerry Chizick, Vice President of Handi Foods Ltd. “The pita-bagel has a moist and light core with a crispy crust and is made with a blended flour (50% Ontario, 50% West).”

Part of GFO’s mandate is to develop new, and expand existing, markets for Ontario grains. The organization continues to work with industry partners to support various market development projects.

For more information about GFO’s current Market Development programs visit www.gfo.ca/AnnouncementPages/MarketDev_Announcements.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers. The crops they grow cover 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.

Contact:

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

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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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