Wheat Canola etc

[Landdownunder]

Talk, consensus, logic maybe even hope?

But are we looking at multi year highs for 22 23 even 24?

That’s not worded the best I mean are current prices going to be around for a while the “new normal”

Should have wheat canola update today doubt it will mention into the future.

Errol who I respect immensely may see it different.

[TOM4CWB]

Talk, consensus, logic maybe even hope?

But are we looking at multi year highs for 22 23 even 24?

That’s not worded the best I mean are current prices going to be around for a while the “new normal”

Should have wheat canola update today doubt it will mention into the future.

Errol who I respect immensely may see it different.

If Russia stopped destroying Ukraine grain production and
distribution... world supply demand balance would be much closer... oil needs to drop significantly to have grains drop as biofuels are less expensive than fossil fuels... so that alone will hold up Corn and Soybeans.

Big weather market here in North America now... will be very volatile prices for next 45 days at least.

Cheers, enjoy your market letters! Thanks!

[6V53]

;But are we looking at multi year highs for 22 23 even 24?;


Yes! But you still won't be able to buy more toilet paper or gas for a bushel.

[shtferbrains]

Saw in the corn belt E85 was $3.00 gallon at the pump with reg low lead gas @ $4.15 gallon.

Ethonal plants are very profitable right now and a popular investment for farmers and governments.

Also big investment in soya crushing for biofuel.

Biofuel is the only way to meet the C02 target for 2030 and beyond.

[sumdumguy]

Biofuel use up - food supply down - cost of food 🚀 With the destruction of fossil fuel industry there will be widespread food scarcity.
How can we prepare? By then, I suspect the woke governments will confiscate foodstuffs and regulate our diets. Well not ours, we’ll be worm food by then.

[shtferbrains]

West Texas crude +$120 this am.
So much for the never to be seen $100.

NG near $9.50 up from under $4.

Big demand for all fossil fuels including coal but goverment mandates stifling expansion.

Great reset looks out of control.
The people arn't welcoming the big lifestyle change.
Governments have run out of free money to distract them.
Will be lots of hungry people and more political unrest coming.

[fjlip]

Time for a French Revolution reset! Rich evil destroying the planet/society/countries.