Ontario Agriculture

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New Leaked Ethanol Mandate Projections From Reuters

Reuters is reporting the EPA has proposed a new 2014 renewable fuel target of 15.21 billion gallons in total, of which 2.21 billion must come from "advanced" biofuel sources. This would imply a reduction in the 2014 mandate for ethanol to 13.0 billion gallons, down from a 13.8 billion mandate in 2013 and a prescribed 14.4 billion mandate for 2014. According to Reuters, the new EPA proposed renewable fuel targets for 2014 would mandate the use of 23 million gallons of cellulosic ethanol and hold the biodiesel portion of the mandate steady at 1.28 billion gallons. These rumors of biofuel mandate cuts helped fuel further losses in corn futures to trade to new contract lows at $4,324/bushel. 2013 October WADE report estimates for 2013 corn ending stocks were estimated at 1,923 billion bushels with this new law we could see 301 million less corn bushels in usage for ethanol . The proposed EPA rule would go on to a public comment period and could become law later this year.  If it becomes law the USDA will need to adjust 2013 corn usage for ethanol from 4.9 billion bushels to 4.6 billion bushels approximately which is bearish for corn futures as 2013 ending stocks could jump to 2.224 billion bushels not seen since 1987.

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Agriculture Headlines from Farms.com Canada East News - click on title for full story

Canada’s Investment Boom Must Reach Beyond Big Cities, Says Rural Prosperity Group

Nearly $500 billion in investment commitments were announced through Canada’s inaugural Investment Summit, but advocates say rural and northern communities must be positioned to benefit.

Harvest Window Emerges Despite Heavy Rain Threat Across Key Crop Regions

Heavy rains tied to the remnants of Hurricane Polo are expected to slow harvest progress across portions of the U.S. Corn Belt this week, while farmers in the Canadian Prairies could see a transition toward cooler and drier conditions.

Seaway Labour Agreements Support Stable Grain Shipping

Unionized St. Lawrence Seaway employees have ratified new four-year labour agreements; the settlement offers greater predictability for farmers, grain handlers, and exporters.

CWRC appoints new president, transitions host duties to Sask Wheat

The Canadian Wheat Research Coalition (CWRC) has appointed a new president, following the transition of hosting duties from Manitoba Crop Alliance (MCA) to the Saskatchewan Wheat Development Commission (Sask Wheat). Sask Wheat executive director Blair Goldade is the new CWRC president. The president, who is appointed from the host organization and approved by the CWRC board of directors, is the key contact for external stakeholders. The CWRC’s operational hosting duties rotate every three years between the three Prairie producer organizations who represent wheat farmers in Alberta, Saskatchewan and Manitoba: Sask Wheat, Alberta Grains and MCA. “Sask Wheat was the inaugural host when the CWRC was formed in 2017, so this represents a full-circle moment for the organization. Looking back nearly a decade later, I’m extremely proud of what the CWRC has accomplished on behalf of western Canadian farmers,” Goldade says. “I would like to extend my sincere thanks to MCA and outgoing CWRC

U.S. and China Trade Deals Could Boost Farm Exports and Ease Trade Tensions

The United States and China have announced new trade agreements that include agricultural products among the key sectors receiving improved market access.

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