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Currency effect or inflation? Wheat

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    #1

    Currency effect or inflation? Wheat

    Wheat chart
    Click image for larger version Name: image.jpg Views: 1 Size: 20.6 KB ID: 778043
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    #2
    Originally posted by malleefarmer View Post
    Wheat chart
    [ATTACH]3033[/ATTACH]
    Mallee . . . currency all-the-way as there is nothing inflationary about these markets . . . .

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      #3
      Isn’t the rapid devaluation of currency the same as inflation?

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        #4
        Some days I think graincos make more money off Canadian grain, from the currency exchange, than they do from elevation, storage, cleaning and handling charges.

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          #5
          Originally posted by beaverdam View Post
          Some days I think graincos make more money off Canadian grain, from the currency exchange, than they do from elevation, storage, cleaning and handling charges.
          You are so right. Many days currency fluctuations and associated hedging profits are kept entirely by the graincos.

          Comment

            #6
            Originally posted by farming101 View Post
            You are so right. Many days currency fluctuations and associated hedging profits are kept entirely by the graincos.
            That's what the fake basis is for ....to hide the exchange....

            Enter j.depape.....stage right.

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              #7
              Originally posted by Ache4Acres View Post
              Isn’t the rapid devaluation of currency the same as inflation?
              The financial pundits keep warning about the deflationary boogy man. Wake me up when things become cheaper and currency buys more.

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                #8
                Originally posted by errolanderson View Post
                Mallee . . . currency all-the-way as there is nothing inflationary about these markets . . . .
                But doesnt argentina have very high inflation shit of a picture i know

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                  #9
                  Originally posted by malleefarmer View Post
                  But doesnt argentina have very high inflation shit of a picture i know
                  True, but domestic economic crisis that has been created in-part by currency collapse and runaway interest rates.

                  This crisis hasn't impacted global wheat values to my knowledge. Correct me where I'm wrong, but internal implosion now occuring in Argentina which will lead to hardships.

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                    #10
                    Originally posted by biglentil View Post
                    The financial pundits keep warning about the deflationary boogy man. Wake me up when things become cheaper and currency buys more.
                    You have overslept. Back in 2012 it would cost you $14 to get a bushel of canola and today you can get it for under $11. In 2012 that bushel also cost $14 USD and today only $8.25 US. Gotta be paying attention.

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