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: 138

▶ 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

Canola Industry Encouraged by Outcomes from Energy and Mines Ministers' Conference

Canada’s canola industry welcomes the outcomes of last month’s Energy and Mines Ministers' Conference, particularly the Ministers' commitment to strengthening Canada's energy security and expanding domestic biofuel production. With nearly 1 in 3 acres of canola grown in Canada destined for biofuel markets in Canada, the United States and the European Union, it is encouraging to see the Ministers building on future energy security by supporting the production and use of low-carbon fuels from feedstocks we already grow. The Ministers' reference to increasing Canada's domestic biofuel production toward 60 percent of consumption by 2030, signals the important role that Canadian agriculture will continue to play in meeting the country's energy and climate goals. By the end of 2026, Canada is expected to have the capacity to process approximately 15 million tonnes of canola annually, driven by more than $2 billion in investments in new and expanded crushing facilities across the Prairies.

Rooted in Community: Nature's Path Organic Foods Announces 2026 Gardens for Good Grant Winners

North America's largest independent organic breakfast and snack food brand, today announced the grant recipients for its 16th annual Gardens for Good: Plant It Forward™ Program. Now in its 16th year, the program supports organic community gardens and urban farming initiatives working to increase access to fresh organic food, strengthen local food systems and empower communities across North America. Through the 2026 program, Nature's Path will award a total of $45,000 to 15 grassroots organizations, with each garden receiving a $3,000 grant. This year's recipients include 10 non-profit organizations in the United States and 5 in Canada, all selected for their commitment to organic agriculture, community-led leadership, food access and education. Since launching the initiative in 2010, Nature's Path has awarded more than $1 million to nearly 150 organic community gardens across North America. The program reflects the company's long-standing commitment to nourishing people and the plan

CPKC ends 2025-2026 crop year setting annual Canadian grain record

Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has broken its all-time volume record for transporting Canadian grain and grain products by moving 30.66 million metric tonnes (MMT) during the 2025-2026 crop year. This new record annual volume exceeded the previous record set in the 2020–2021 crop year by approximately 72,500 metric tonnes. "Our team of exceptional railroaders reliably delivered the largest Canadian grain crop in history with consistency throughout the crop year," said John Brooks, CPKC Executive Vice President and Chief Marketing Officer. "Our dedication to service excellence, paired with solid execution by our customers and terminal operators, led to a crop year that saw more Canadian grain and grain products move on our network than ever before. This performance illustrates our long-standing commitment to the safe and efficient transportation of Canadian grain." The total volume transported in the 2025-2026 crop year was 11 percent higher t

Don’t Give Up Anything. A Forage Driven Rye with Flexibility and a Real Grain Up-Side.

SU Baresi is an exciting new hybrid rye built for forage production, delivering exceptional biomass, aggressive early growth, and high-quality feed for livestock operations. Designed with cattle producers and mixed farms in mind, it offers outstanding fall and spring vigour, excellent winter hardiness, and strong standability for dependable performance across diverse growing conditions. What sets SU Baresi apart is its flexibility. While it’s purpose-built for forage, it also delivers impressive grain yield potential, giving growers the confidence to take it to grain if conditions or market opportunities change, without sacrificing performance. A combination, often rare among true forage-type ryes. There really isn’t another true forage-type rye out there with this kind of grain upside. A strong fit for cattle producers and mixed farming operations, particularly in Alberta where early, high-quality forage and tonnage are key priorities, SU Baresi fills an important gap in our portf

U.S. Farmland Values Hit New Record High but Gains Slow

U.S. agricultural land values reached another record in 2026, although the pace of appreciation continued to ease, according to the latest annual Land Values Summary and cash rent estimates from the USDA’s National Agricultural Statistics Service. Released Friday, the report showed the average value of U.S. farm real estate, including land and buildings, increased by $150, or 3.4%, to $4,500 per acre. It marked the sixth consecutive annual increase but the slowest gain since the current upswing began in 2021. Annual growth has steadily moderated from 11.7% in 2022 to 6.7% in 2023, 5% in 2024 and 4.3% in 2025. Despite the slowdown, average farm real estate values are nearly 44% higher than in 2020, according to an American Farm Bureau Federation market intel article on Tuesday. Cropland values rose 3.3%, or $190, to a record $6,020 per acre. Pasture values increased 4.2% to $2,000 per acre. Since 2020, cropland values have climbed 48%, while pasture values are nearly 43% higher.

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service