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Ontario wheat quality scoop indicates protein levels up in 2013

GUELPH, ON (October 16, 2013) – The Results of the 2013 Ontario Wheat Quality Scoop Program are now available.

A joint effort between the Canadian Grain Commission and Grain Farmers of Ontario, with the cooperation of grain companies, the Quality Scoop Program provides wheat quality information to Ontario wheat producers, marketers and processors.

“The Ontario Wheat Quality Scoop Program provides timely and accurate information to the wheat industry within the province, and also to our global buyers, “says Todd Austin, Marketing Manager at Grain Farmers. “Ontario millers, bakers and food manufacturers rely on this information as a guide to the end use performance and functionality of the year’s crop.”

Representative samples are collected across the province as soon as the first wheat deliveries arrive at elevators and terminals. The samples are sent to the Canadian Grain Commission’s Grain Research Laboratory where they are combined by region, class and grade and are analyzed for parameters that reflect end-use quality and performance.

While Fusarium challenges were seen across the province, wheat graded 2 or higher saw exceptional quality results. Average protein levels for CESRW, CESWW and CEHRW were up almost a full percentage from 2012 averaging 9.5%, 9.9% and 11.1%. Falling numbers also remained strong across each class averaging 360 for CESRW, 370 for CESWW and 330 for CEHRW.

“These results are a direct indication of the work that farmers are doing on selecting varieties and management techniques that maximize quality and functionality” says Austin “Even in a year with as much variability as we had we still produced high quality wheat.”

 For the full 2013 report please visit http://www.gfo.ca/Production/QualityScoops

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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