NEWS
Under the Agridome
Philip Shaw DTN Columnist
Fri Aug 9, 2013 06:06 PM CDT

The price of new-crop corn in Ontario is approximately $3.88 a bushel as I write this. That's about half what it was a year ago. It is certainly a head turner for many farmers who are wondering when $6 and $7 corn comes back. As they say on Twitter, LOL (Laugh Out Loud). The only problem is it isn't very funny. Farmers have become so efficient we are continually driving the price of our agricultural commodities below the cost of production.

Of course, nobody really knows where agricultural prices are going to go. If we knew that, we would be ...

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