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Tag Archives food prices

Opinion

Crisis remakes the commodity business

By
Only the brave or the foolish would make predictions about the future amid the biggest market upheaval in three generations. But it is already clear the crisis is profoundly reshaping the commodity trading industry. The mix of intermediaries, customers and financial resources are all being substantially redrawn. So here are some tentative thoughts on how
Opinion

The silence of farmers

JOHN MORRISS EDITORIAL DIRECTOR When the stock market drops by 40 per cent, what happens? People get upset. Really upset. The world’s leaders hold emergency meetings. Virtually every economist quoted in the financial press agrees that the “free market” system got completely out of hand, turning into a system to capitalize gains and socialize losses.
Oilseeds, Other, Poultry

Feed costs trigger inflation

U. S. food prices will rise by at least seven per cent in 2009 because of higher feed costs for chickens, hogs and cattle, said a group of food industry economists Nov. 6. It would be the third year in a row that food prices rose faster than the overall U. S. inflation rate. Food
Cereals, Grain Markets, Oilseeds

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
News

UN food lines will grow

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The UN food agency expects to feed around a third more hungry people next year, as the global financial crisis adds to the pressure of high food prices on poor nations, a top official said Oct. 15. Sheila Sisulu, deputy executive director at the UN World Food Program (WFP), said an increase of around 30
News

Ethanol no longer seen as big driver of food price

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Heavy demand for corn from ethanol makers was seen as a key driver of corn futures to record highs in June, but since then the sharp decline of corn along with other commodities shows that belief was mistaken. Corn is down about 50 per cent from its record high in June, even as the amount
Dairy cattle, News

Farm gate prices drop, but not food prices

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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
Opinion

At least land won’t evaporate

By
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
Opinion

Governments must be ready when free markets free fall

By
There has been a determined effort to move away from the governmental regulations, not only in the financial and agricultural sectors, but in other sectors as well. Is extremism in the name of free markets a virtue or a vice? As we write this column, it appears that congressional and administration leaders have come to

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