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The environment and bio-fuels

GUELPH, ON (May 5, 2011) – Canadian biofuel is better for the environment than biofuel produced further south - in part due to our different agricultural practices - according to a new study released by the Grain Farmers of Ontario.

The report, produced by Dr. Terry Daynard and KD Communications says that by including an average of just 5% ethanol in regular gasoline, Canadians are reducing greenhouse gas emissions by 2.3 million tonnes annually.

“We’re looking at a reduction of 2.3 million tonnes of Canadian GHG greenhouse gas emissions,” says Dr. Terry Daynard, “That’s equivalent to removing 440,000 Canadian cars from the road. About two-thirds of this benefit is in Ontario.”

Efficiencies are generally higher for Canadian corn and ethanol production, compared to the south. This is due to the  lower use of synthetic nitrogen fertilizer (more livestock manure), less usage of lime and irrigation in Ontario corn production, and the fact that all Canadian ethanol plants use natural gas rather than coal as their source of energy.

The environmental benefits provided by ethanol are clear. Ethanol has replaced other more hazardous compounds used for octane enhancement in gasoline while also reducing harmful emissions, thus reducing the usage and importation of petroleum and refinery products – critical for a major petroleum-importing province such as Ontario - and reducing net greenhouse gas emissions.  Fuel ethanol produced from corn has 1.6 times more combustible energy than is used for its manufacture, including the production and transportation of corn.

“Ethanol blending of gasoline has proven to be an environmental benefit, and that’s been supported globally” says Barry Senft at Grain Farmers of Ontario. “We are proud that Canadian farmers are playing a role in this important initiative.”

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.

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Weekly Commentary

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Grain Market Commentary for December 6, 2017

Wednesday, December 06, 2017

Commodity Period Price Weekly Movement
Corn CBOT March 3.52  01 cents
Soybeans CBOT January 10.03  10 cents
Wheat CBOT March 4.25  10 cents
Wheat Minn. March 6.14  09 cents
Wheat Kansas March 4.23  06 cents
Chicago Oats March 2.48  15 cents
Canadian $ December 0.7835  0.50 points

Cash Grain prices as of the close, December 6, are as follows: SWW @ $178.23/MT ($4.85/bu), HRW @ $187.61/MT ($5.11/bu), HRS @ $238.74/MT ($6.50/bu), SRW @ $182.92/MT ($4.98/bu).

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Market Trends

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Market Trends Report for November-December 2017

Monday, November 13, 2017

US and World

Harvest time is in full swing across United States and Ontario. There have been delays, but as usual, farmers in 2017 like they have many times before are finding ways to get the crop in the bin. Yield monitors flickering on social media have been a harbinger of big yields in the United States as one of the biggest crops in American history gets closer to the finish line. How big that crop has become has been a great subject of debate over the last several months.

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On November 9th USDA chimed in with their latest crop production report. In a surprise move, which shocked the market the USDA raised 2017/2018-corn production to 14.58 billion bushels. This was on a projected yield of 175.4 bushels per acre, which was up from its October estimate of 171.8 bushels per acre. This was outside any pre-report estimates on the high side and the market responded accordingly by falling seven cents on the day. If this yield comes to fruition, it will be the largest US domestic corn yield in history. US domestic corn stocks are projected to increase to 2.49 billion bushels, a very onerous figure headed into next year.

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