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GRAIN FARMERS OF ONTARIO AND SGS CANADA INC. ANNOUNCE THE GRAND OPENING OF THE GRAINS ANALYTICAL TESTING LABORATORY

GUELPH, ON (July 11, 2016) – Grain Farmers of Ontario and SGS Canada Inc. unveiled the Grains Analytical Testing Laboratory during a ribbon cutting ceremony on Monday, July 11. Grain industry professionals from across Ontario were in attendance to mark the historic occasion.

"This grand opening is the first time a producer organization and a private company joined to open a lab of this nature in Canada," says Barry Senft, CEO of Grain Farmers of Ontario. "We are pleased to work with SGS Canada on this initiative and look forward to the value-added opportunities it will bring Ontario farmers through a better understanding of Ontario cereal crops."

SGS Canada and Grain Farmers of Ontario representatives outlined the lab is a historic joint venture as the first private commercial grains and analytical testing facility for cereal crops in Canada. The laboratory will better position Canadian farmers in both domestic and export markets, and will grow to include corn and soybeans in the future. Data gained will be used by Grain Farmers of Ontario to conduct their annual Ontario Wheat Quality scoop, in addition to other market development and research projects.

"This lab is our way to help this industry be more competitive, better informed and more innovative," says Don Slobodzian, Vice President Agriculture and Food, SGS Canada. "It is a welcome addition to our Agriculture Testing Facility, which already performs soil and feed testing, as well as greenhouse analytical services."

Located at SGS’s testing facility in Guelph, Ont. the Grains Analytical Testing Laboratory offers a full suite of tests including rheological testing, physical dough and bake testing, protein levels and more. The lab will also offer commercial services for Ontario, Canadian and North American millers and processors.

GRAIN FARMERS OF ONTARIO

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

SGS CANADA

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world. SGS Canada Inc. is part of this global network, operating in nine business lines with a team of 2000 in 70 locations across the country.

CONTACT:

Fulvio Martinez, Media Relations Manager, SGS Canada Inc. -  647-929-0411; Fulvio.Martinez@sgs.com

Nicole Mackellar, Manager, Market Development, Grain Farmers of Ontario -  519-767-4124; nmackellar@gfo.ca

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

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Grain Market Commentary for August 16, 2017

Wednesday, August 16, 2017

Commodity Period Price Weekly Movement
Corn CBOT September 3.52  20 cents
Soybeans CBOT November 9.25  53 cents
Wheat CBOT September 4.20  44 cents
Wheat Minn. September 6.73  60 cents
Wheat Kansas September 4.20  24 cents
Chicago Oats September 2.60  10 cents
Canadian $ September 0.7898  0.15 points

Harvest 2017 prices as of the close, August 16 are as follows:
SWW @ $182.43/MT ($4.96/bu), HRW @ $189.46/MT ($5.16/bu),
HRS @ $254.49/MT ($6.93/bu), SRW @ $187.11/MT ($5.09/bu).

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Market Trends Report for August-September 2017

Monday, August 14, 2017

US and World

It has been an uneven growing season in much of the American corn belt. The Western corn belt has been dry especially in the Dakotas, while the mid south and Eastern corn belt were inundated with heavy rains earlier in the spring. The forecast in late July turned cooler and wetter for all of the American corn belt. This new forecast essentially changed much of the outlook for the American crop, but still many analysts were expecting lower August USDA numbers reflecting some of the earlier tough conditions for US corn and soybeans. Anticipation of the August 10th USDA report was filled with expectations of lower yield projections.

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On August 10th, the USDA lowered their projected corn yield estimate to 169.5 bushels per acre down from their earlier projection of 170.7 bushels per acre and less than last year's 174.6 bushels per acre. At the same time the USDA raised soybean yield expectations to 49.4 bushels per acre up from their 48 bushels per acre earlier estimate. This pegged 2017/18-soybean production at 4.4 billion bushels. Both of these USDA estimates rocked the grain market August 10th, as it was a big surprise. With so much uneven weather affecting this crop in the field a US corn yield of 165-166 bushels per acre was a general trade estimate. Futures prices plummeted on this very bearish report.

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