corn

Two companies in southwestern Ontario wanting to build a crushing plant for corn and soybeans are taking a long hard look at feasibility.

Don’t expect to hear the nitty gritty on the grains and oilseed commodity groups’ merger vote until December, says the acting chair of the Ontario Farm Products Marketing Commission.

Photo: Leo Guilbeault

Chances are good that an ethanol plant spearheaded by farm communities in Brant, Norfolk, Oxford and Elgin Counties could open for business earlier than expected. And even though chances are equally good that the fledgling plant will encounter corn prices much higher than anticipated, the head of the cooperative developing the facility says that’s not likely to be a problem.
 

It’s a long ways to harvest and far too soon to know what effect a larger than anticipated wheat crop in the United States will eventually have on prices, says the general manager of the Ontario Wheat Producers’ Marketing Board.

Corn grain stocks in Ontario and Quebec hit a record high by the close of last year, Statistics Canada reports.