Ukraine
The grain markets saw waves this week, and agricultural economists say it revealed just how much traders think the vital grain corridor in Russia and Ukraine is worth.
SINGAPORE, Oct 31 (Reuters) - Russia’s weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries.
Data from Ukraine’s Ministry of Agrarian Policy and Food shows the country shipped 6.9 million metric tons of grain, vegetables and edible oils last month, nearly matching the 7.1 million tons exported in Sept. 2021.
Dan Basse was at World Dairy Expo for the live taping of U.S. Farm Report. He admits he’s been bullish on grains for two consecutive years; however, his outlook has changed despite the ongoing crisis in Ukraine.
Satellite imagery, communications intercepts and human intelligence proving Russia had plans to invade Ukraine was presented to U.S. officials in Oct. 2021. When briefed to NATO allies, some thought it was bogus.
Europe is racing to investigate potential acts of sabotage after both the natural gas pipelines linking it to Russia suffered inexplicable, sudden leaks. This comes as Europe transitions away from Russian fossil fuels.
“This is my plea, from a humble farmer in Ukraine to the people of the world: Please ask your governments to stop this reckless war, launched by that cruel and power-hungry authoritarian, Vladimir Putin.”
An oil price of $120 a ton could send the global economy into a major recession and fan inflation in the U.S., which Jim Wiesemeyer says is already in double digits for rural Americans.
The top exporters of Ukrainian wheat today are the Russians. Count it as one more injustice in Vladimir Putin’s cruel war of conquest.
Biden administration wants more total planted acres with a focus on soybeans and wheat. That is the clear conclusion from what the administration is proposing as part of its latest wish list for Congress.