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: 136

▶ 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

The 13-Year Lag: Why Today’s Wheat Breeding Success Depends on Yesterday’s Investment

Wheat varieties are performing better than ever, but a “slow drip” of budget cuts means the next generation of innovation is at a critical crossroads. Wheat varieties that deliver high yields, exceptional quality and strong disease packages are available in abundant choice to Manitoba farmers. This choice and performance are thanks to an often-overlooked wheat breeding innovation system. “Wheat is one of my favourite crops to grow; it can withstand whatever the year throws at it,” says Jocelyn Velestuk, chair of the Canadian Wheat Research Coalition (CWRC). “In past decades that hasn’t always been the case.” There’s lots of variables driving the success of wheat in Western Canada, but Velestuk is adamant that the foundation of that success is our wheat breeding programs. “We can’t take that system for granted and right now, it’s at risk,” she says. While the varieties available today are excellent, the process of plant breeding means those successes are built on efforts made over 1

Rotimi Aluko, professor, University of Manitoba

Rotimi Aluko is a professor at the University of Manitoba (UM) in the Department of Food and Human Nutritional Sciences, as well as director of the Richardson Centre for Food Technology and Research. Originally from Nigeria, he completed his undergraduate and master’s degrees in biochemistry there before earning a PhD in food science at the University of Guelph. He moved to Winnipeg in 2001, where he lives with his wife. Their two children are grown; one lives in Winnipeg and the other is in Alberta. Where did you work before UM? I’ve been here for 25 years, but before UM I worked as a research scientist with Agriculture and Agri-Food Canada (AAFC) in Saskatoon. What got you interested in becoming a professor? From my undergraduate days I was fascinated by my professors, how they taught, carried themselves and were respected in society. I worked as a scientist with AAFC after my PhD, but I was always on the lookout for a professorial position. It had been a longtime goal, so when t

Canadian Cattle Association Statement on Revised Regulatory Approach to the Livestock Traceability Regulations

The Canadian Cattle Association (CCA) is pleased by the Canadian Food Inspection Agency’s (CFIA) announcement that new movement reporting requirements for cattle will not be moving forward while changes for other species will proceed. CCA remains committed to our support for livestock traceability as a core pillar of disease preparedness, market access and confidence in Canadian beef. CCA and provincial member organizations are in the final stages of convening a Task Force to work for producers on a risk-based, industry-led approach to disease preparedness and emergency management and will be making an announcement soon, pending finalization of the Task Force members.

Waterton Biosphere Region seeking input on predator losses

The Waterton Biosphere Region is seeking input from livestock producers who have experienced losses to bears, wolves or cougars between 2021 and 2025. Information collected through the survey will be used to help inform discussions around Alberta’s predator compensation program.  Producers are asked to provide up to five years of data on livestock inventories, overall death losses and predator-related losses. Personal information will remain confidential and will not be shared externally.  The survey is currently open to producers located within the Waterton Biosphere Region and will remain open until the end of June.  The survey is available online:  Producer Data – Predator Losses  Paper copies can also be obtained through local municipal district offices.  Understanding the biosphere region The Waterton Biosphere Region is a biosphere region located in southwestern Alberta. According to the organization, biosphere reserves are traditionally organized into three zones, known a

Wild boar eradication efforts continue across Alberta

Province reports nearly 600 animals removed since 2018 Alberta’s Wild Boar Control Program says efforts to eradicate invasive wild boar from the province are continuing to advance, with nearly 600 animals removed since 2018. In an update shared through the Alberta Invasive Species Council (AISC), the province reported that 595 wild boar have been removed through trapping efforts since the program began, including 108 animals in 2025 and nine more so far in 2026. Tracking progress toward eradication Wild boar are considered one of the most destructive invasive species affecting agriculture in North America due to their ability to damage crops, pasture, fencing, water systems and native ecosystems. They can also pose disease risks to livestock and wildlife populations. “The Wild Boar Control Program is taking some big steps towards eradicating wild boar in Alberta with the support of all our amazing partners,” wrote Hannah McKenzie, Wild Boar Specialist with the Alberta government,

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service