Corn prices drop 50 per cent, ethanol production still high

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada win Winnipeg closed the week ended October 31 mixed, with canola down. Canola declined despite the firm tone in the U. S. soy complex. The lack of fresh demand and a

Farm gate prices drop, but not food prices

U. S. food prices are still headed for their largest increase in two decades this year despite the recent slide in oil and grain markets, the U. S. Agriculture Department said Oct. 18. In its monthly report, USDA did not change its forecast for food prices, which are expected to surge by 5.5 per cent


World food security needs collaboration

It is interesting to see how the current financial crisis is changing the way that we think about the world. This point was driven home for me when I had the opportunity to attend a symposium last week in Berkeley, Calif. entitled “Causes and Consequences of the Food Price Crisis.” Sponsored by the Giannini Foundation,

At least land won’t evaporate

There are few winners in a market meltdown like the one we’re experiencing, although we hear rumours that hardware stores are doing a booming trade in shovels. It seems folks figure digging a hole in the backyard and burying their savings is now a safer bet than mutual funds. That’s about the only consolation we


Developing world leaders urge action on food

Developing world leaders said Sept. 23 that escalating food costs were exacting a heavy toll on the poor and called for global action to reverse the trend, which threatens to undermine economic growth. The impact of higher global food prices was raised by leaders in speeches to the annual United Nations General Assembly gathering, where