Ontario Agriculture

The network for agriculture in Ontario, Canada

Corn: What now?

Now that the corn price has gone over $5 what does everyone think it will do now?

 

It would be nice to see it continue to go up. Any thoughts of another recession bring the price back down.

 

 

Michael

Views: 106

▶ Reply to This

Replies to This Discussion

Permalink Reply by OntAG Admin on September 18, 2010 at 5:48am
Permalink Reply by Joann on September 28, 2010 at 8:24am
By all accounts, the financial situation to the south of us appear to have the hallmarks of another recession as you suggest Michael. As our federal minister of finance, Mr. Flaherty has announced the recession of 08 ended, I can well imagine the looming American financial difficulties will inspire new verbiage for the approaching recession..... but the price of commodities???

There has been some interesting discussions concerning the price of commodities... and as we all know... the price in Chicago does not always translate in the same way to the farmer.

The UN Special Rapporteur on food, Mr. Olivier De Schutter, released a report recently called the Food Commodities Speculation and Food Price Crises.

Mr. De Schutter writes: '[Beginning in ]2001, food commodities derivatives markets, and commodities indexes began to see an influx of non-traditional investors,; De Schutter writes. 'The reason for this was because other markets dried up one by one: the dotcoms vanished at the end of 2001, the stock market soon after, and the US housing market in August 2007. As each bubble burst, these large institutional investors moved into other markets, each traditionally considered more stable than the last. Strong similarities can be seen between the price behaviour of food commodities and other refuge values, such as gold.'

Further stating: 'A significant contributory cause of the price spike [has been] speculation by institutional investors who did not have any expertise or interest in agricultural commodities, and who invested in commodities index funds or in order to hedge speculative bets.'
http://www.stwr.org/food-security-agriculture/food-commodities-spec...

Problem identified.

Now for the reactions: Engage the public

"An ActionAid report released last week revealed that hunger could be costing poor nations $450bn a year – more than 10 times the amount needed to halve hunger by 2015 and meet Millennium Development Goal One." http://www.guardian.co.uk/environment/2010/sep/24/food-crisis-un-em...

Solution: take Sovereignty away from individual nations for the ultimate solution of global food regulation.

Jacques Diouf, Director-General, UN Food and Agriculture Organization, called for "bolstered global governance system for world food security". He said, “We have to build a more coherent and effective system of governance for world food security; we have to correct the policies and international trade system that have resulted in more hunger and poverty." when responding to the 2008 food crisis (which many blamed on bio-fuels at the time)


Will the higher prices translate into more money for the farmers? I doubt it. There appears to be a movement afoot to control agricultural commodity prices under the guise of "food security" with enhanced trade.

If anything, food commodity prices will be globally harmonized... which will not bode well for Ontario farmers.

▶ Reply to Discussion

RSS

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

Fertilizer Canada responds to U.S. tariff threat

The U.S. can’t increase its fertilizer production overnight, Fertilizer Canada says

Saskatchewan Pulse Growers Welcomes Three Directors to Board

Saskatchewan Pulse Growers (SPG) is pleased to announce the results of its Board of Directors election, following the close of voting on November 28. The election brings one new Director to the board while retaining two Directors for another term. Joining the SPG Board is Dan Flynn of Lucky Lake. SPG welcomes back Robyn Henry of Hodgeville and Stuart Lawrence of Rosetown, who were both re-elected. The newly elected Directors will officially join SPG’s Board in January 2026, following the organization’s Annual General Meeting (AGM). “On behalf of the Board, I would like to congratulate Dan, Robyn, and Stuart,” says SPG Chair Winston van Staveren. “Each elected member brings valuable experience, expertise, and diverse perspectives that represent a wide range of growing regions across the province. I also want to thank all the candidates who put their names forward. The increased level of engagement and strong slate of candidates this year was positive to see.” Van Staveren also ack

Pulse Market Insight #287

Big Crops But No Surprises From StatsCan The long-awaited 2025 yield and production estimates from StatsCan were released this week but were a bit anticlimactic; anyone looking for a surprise in the numbers would have been disappointed. Yes, crops were certainly larger this year but that was already expected. During harvest, reports of very large yields kept coming in, well above StatsCan’s August and September numbers. As a result, this month’s higher yield estimates from StatsCan were anticipated. In fact, it would have been a shock if the yield numbers hadn’t changed. These latest estimates from StatsCan were based on a large farmer survey conducted in November and confirmed the positive harvest results. In fact, they may have understated the actual yields, as they sometimes do. The StatsCan numbers show the total 2025 pulse crop at 8.22 mln tonnes, a jump of more than 2 million tonnes from last year and the largest production since 2016/17. There were differences for each of the

Alberta Grains and Western Crop Innovations Launch Three-Year Agreement to Strengthen Barley Breeding in Alberta

Alberta Grains (AG) and Western Crop Innovations (WCI) have signed a new three-year Breeding and Technician Chair agreement to advance feed barley breeding in Alberta. Announced at the Alberta Grains Regional Meeting in Lacombe, the partnership represents a $600,000 investment from Alberta Grains, delivered at $200,000 per year, to fund a breeder and senior technician dedicated to high-impact barley research and variety development. Strengthening the Future of Public Plant Breeding in Canada Cereal breeding in Canada has long relied on public funding, but the landscape is rapidly shifting. With the Canadian Food Inspection Agency (CFIA) moving forward on Seed Regulatory Modernization and farmers urging Prime Minister Carney’s government to recognize agriculture’s economic importance, the need for sustainable public plant breeding has become a national discussion. At the same time, Agriculture and Agri-Food Canada (AAFC) faces budget reductions and plans to exit variety development i

Maizex Seeds Invests in the Future of Seed Corn Production in Canada

Maizex Seeds, the seed division of Sollio Agriculture, announces the groundbreaking of a major $8.8 million investment in a new seed corn processing and packaging plant at their Blenheim, Ontario, facility. Maizex Seeds is a national company producing and selling corn and soybean seeds to farmers from coast to coast in Canada under the Maizex brand. The company also sells forage seeds and cereal varieties to farmers in eastern Canada and recently introduced several canola hybrids.

© 2025   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service