August 17: No Reason to be Concerned about Food Prices

While markets look at demand rationing in the U.S. for grains, prices for corn, soybeans and other commodities are likely to remain high due to the unprecedented drought Americans are experiencing this summer.

But as farmers in that country deal with severe climatic conditions, near-perfect growing conditions in most of Canadian farmland and skyrocketing corn prices mean many farmers in this country are cashing in.

And as American consumers brace for higher food prices in coming months, the effect of the infamous U.S. drought of 2012 in Canada will likely not be significant.

Read the full article written by Sylvain Charlebois, Associate Dean of the College of Management and Economics.