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New partnership brings $5.7 million to research

THAMESVILLE, ON (September 13, 2010) – Grain Farmers of Ontario is excited about a new partnership that will provide $5.7 million for research in breeding and genetics in Eastern Canada.

The partnership is made possible through the Developing Innovative Agri-Products (DIAP) initiative from the Agriculture and Agri-Food Canada’s (AAFC) Growing Forward framework. The funding will be used to support 18 public breeding and genetics programs throughout Eastern Canada – from Manitoba to Prince Edward Island.

Covering six field crops – winter wheat, corn, soybeans, spring wheat, oats and barley - these projects will be managed by the newly formed Canadian Field Crops Research Alliance (CFCFRA). The alliance is a collaboration of seven organizations including Grain Farmers of Ontario (GFO), SeCan, Fédération des producteurs de cultures du Québec, Manitoba Corn Growers Association, Manitoba Pulse Growers Association, PepsiCo Canada and the Atlantic Grains Council.

“We’re very excited about the possibilities that this new funding presents for breeding,” says Crosby Devitt, Manager of Market Development and Research at GFO and chair of the new alliance. “The projects will focus on advancing production efficiencies and insect and disease resistance as well as targeting new markets in the food, industrial and feed markets, both domestically and internationally,” continues Devitt.

DIAP is part of the larger Growing Canadian Agri-Innovations Program, a federally funded, $158 million five-year program that promotes industry-led innovation initiatives.

Of the $5.7 million, AAFC is contributing $4 million and the partners of the alliance are contributing the remaining $1.7 million. GFO is directly contributing $628,000.

“GFO has been working hard on this initiative over the past year and a half,” says Henry Van Ankum, Vice Chair of GFO. “As developing new varieties is integral to maintain a strong grain industry, we are very excited to see it come to fruition.”

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 February 7, 2018

Thursday, February 08, 2018

Grain Farmers of Ontario farmer-members are invited to attend two full-day marketing seminars on grain marketing: Intro to Futures & Options, as well as the more advanced Options & Technical Analysis.

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Commodity Period Price Weekly Movement
Corn CBOT March 3.61 ↑ 05 cents
Soybeans CBOT March 9.96 ↑ 04 cents
Wheat CBOT March 4.51 ↑ 18 cents
Wheat Minn. March 6.07 ↑ 01 cents
Wheat Kansas March 4.67 ↑ 35 cents
Chicago Oats March 2.65 ↓ 10 cents
Canadian $ March 0.8130 ↑ 0.23 points

Notice: The commentary for all commodities was written at 10 a.m. on February 8 before the release of the February United States Department of Agriculture (USDA) report.

Cash Grain prices as of the close, February 7, are as follows: SWW @ $210.13 ($5.72/bu), HRW @ $207.82/MT ($5.66/bu), HRS @ $233.89/MT ($6.37/bu), SRW @ $205.52/MT ($5.59/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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