Recent Commodity Price Movements in Historical Perspective.

The article discusses the recent agricultural commodity prices in the U.S. in an historical context and explores what one can learn from the existing situation. It observes that the patterns of corn and wheat prices have differed in some decades and that the two crops have shared major price fluctuations. It further compares the agricultural prices in 2006 through 2008 with prices in 1970s. It also explores current farm commodity price prospects and policy measures.