Wind Energy Doubles Contribution to Ontario Electricity Supply

Jan 10, 2014

The 2013 Ontario Electricity Data report released by the of Ontario’s Independent Electricity System Operators (IESO) confirms that wind energy production in Ontario has doubled over the past four years. According to the report, the annual Ontario production of wind energy has grown from 2.3 TWh in 2009 to 5.2 TWh in 2013. That translates into wind generating enough electricity to power 550,000 Ontario homes in 2013.

“We believe that future electricity supply in Ontario should be drawn from a balanced mix of new wind energy, in combination with natural gas and other renewable energy sources, to ensure that Ontario has a reliable, robust and cost-competitive electricity system,” says CanWEA President Robert Hornung.

“The 100 communities across Canada that host wind energy operations, developments and businesses, as well as Ontario’s Long Term Energy Plan (LTEP), recognize that wind energy is a proven, reliable and cost-competitive energy solution that drives economic diversification, environmental sustainability and rate-base value,” he says.

CanWEA predicts that wind energy will continue to increase significantly over the next few years as more energy projects get added into the power grid.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Canadian Grain Industry Gathers in Saskatoon [Jan. 13-16]

Canada’s Canola Growers Aim for Bigger Yields