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2016 Ontario Wheat Quality Scoop and Technical Bulletins

GUELPH, ON (October 28, 2016) – OntarioWheat Technical Bulletins are now available. For more information, visit the Ontario Wheat Quality page.

Ontario wheat producers have the experience and a history of innovation in wheat production to meet the quality demands of the international marketplace. Our producers have been growing export quality wheat for over fifty years. Ontario hard red winter wheat's flour yield, lower ash content and medium strength protein numbers ensure a high performing wheat for flat breads, noodles, pizza dough and other specialty products.

Ontario wheat is graded by International grade standards. These standards ensure our shipments of grain will consistently meet contract specifications for quality, safety and quantity.

Situated between the Great Lakes and the St. Lawrence River Basin, Ontario's temperature climate and fertile soils are key components to producing top quality hard red winter wheat.

Ontario's varied geography and size results in diversified wheat production — from soft wheat in the southwest to hard wheat in the east. Other key advantages to Ontario wheat include our proximity to a strong transportation infrastructure of highways, rail lines and river access to ocean ports and our ample supply of energy sources.

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Weekly Commentary

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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

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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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