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Conference board report shows the benefits of Canada's ethanol industry

GUELPH, ON (November 7, 2011) – A study on the economic impact of the ethanol industry in Canada and its environmental and health effects from the Conference Board of Canada mirrors Grain Farmers of Ontario’s recent findings: the ethanol industry benefits our economy and our environment.

"Good policy is based on accurate information and careful assessment of the alternatives. The purpose of this report is to assess the evidence and to contribute to policy discussions around ethanol," said Len Coad, Director, Environment, Energy and Transportation in a release. "Our study concludes that ethanol should be part of Canada's energy mix. It is a clean transportation fuel that has a positive energy balance, reduces greenhouse gas emissions, and contributes to energy self-sufficiency."

According to the study, ethanol production in Canada has reached almost two billion litres per year and it can contribute to reducing Canada’s greenhouse gas (GHG) emissions. A 10 percent ethanol blend in our fuel reduces GHG emissions by four to six percent compared to gasoline. The Conference Board also looked at the economic impact of the ethanol industry and found that it contributes as much as $1.2 billion annually to the Canadian economy and accounts for more than 14,000 person-years of employment during construction and over 1,000 permanent jobs once plants are in operation.

“These findings substantiate our previous findings through our own independent research,” says Barry Senft, CEO of Grain Farmers of Ontario. “It’s very clear that the ethanol and biofuels industry is important to Canadian farmers and non-farmers alike on a myriad of levels including benefits to the environment and the economy.”

The report, Ethanol's Potential Contribution to Canada's Transportation Sector (http://www.conferenceboard.ca/documents.aspx?did=4511), is publicly available from the Conference Board's e-library (www.e-library.ca).

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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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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