Inflation’s Collapse

[errolanderson]

Bears are feasting.

You a bear Errol?

Last few weeks may have been some of the quickest profits ever if you are?

Grower accounts with put options have absolutely exploded in value . . . . Crazy markets, lots of emotion.

[Sodbuster]

I’m still short on the hedges I made in April for canola, thinking of buying them back but not sure if I should step in front of the freight train at this point. Think the market is over sold at this point but am sure a lot of margin calls are contributing to this decline.

[dmlfarmer]

While the meme speaks of Albertans, it seems to perfectly define many Agrivillers views of pricing, inflation, and of course Trudeau

Credit Ruben Lipszyc twitter

[Hamloc]

Credit Ruben Lipszyc twitter. While the meme addresses Albertan's seems to define many Agrivillers .[ATTACH]10730[/ATTACH]

Sometimes DML I feel like I should respond to your insults and then I realize there really is no point but I do question why when you hold so many of us in contempt that you bother posting on Agriville.

[furrowtickler]

[Guest]

While the meme speaks of Albertans, it seems to perfectly define many Agrivillers views of pricing, inflation, and of course Trudeau
[ATTACH]10730[/ATTACH]
Credit Ruben Lipszyc twitter

Universal basic income would be way better , right ?

[jazz]

Inflation is a monetary phenomenon caused by govt printing, has little to do with oil.

In 2008 oil hit $150 a bbl and the price of pickup trucks didnt move, nor did interest rates.

I appreciate dmls attempt to meme though.

[helmsdale]

How's everyone feeling about their nat gas and crude stocks today?

Couple thoughts... European Nat Gas still seems to be heading higher, but we're largely unable to capitalize on that at the moment. Anything I've read says LNG export facilities are tapped out, and one of the largest export facilities is offline (Texas based Freeport) since there was an explosion on site. Nat gas in continental NA has tumbled ever since as we seem by and large incapable of exporting our surplus under the given circumstances. Freeport is expected to back online sometime late 2022.

As far as oil is concerned, the going concern as of late is decreased demand with the macro environment "going to shit". That is likely true, but it's not like we have alot of buffer capacity right now to soak up any sort of supply side shock that might show up. Nobody is investing anymore, and SPR's are being drawn down all over the world. Leaves us awfully vulnerable to another black-swan event.

[workboots]

I would say that a “get to cash” psychology is ruling over this market and this is the case regardless of fundamentals. It’s irrational behaviour when it’s across all asset classes like this, but if you don’t respect market sentiment you might have to hold through some tough times. I appreciate Toms comment in another thread regarding the Capture of some of this sell off with purchase of crude oil calls to hedge fuel costs. He who shrewd enough to pick an oversold bottom I don’t know. Here is a clip of a bunch of central bankers rattling off the latest thoughts on how to navigate policy through this inflationary environment.

https://youtu.be/vgZHChVQXJc

[jazz]

For errol, there is no scenario where they let deflation take hold. They will print until it implodes. And buy votes at the same time. The MMT clowns are in full control.