Could be interesting Monday in grain markets

[AlbertaFarmer5]

Suppose Russia blows up a grain ship. What is the response?

Judging by the market's response today. I assume the market asking the same question, and are in wait and see mode.

One would think that if they didn't have the means or the intention to enforce the threat of pulling out of the green deal that they wouldn't have made a public statement about it. That would only make them look even weaker would it not? Which is about the last thing they would need right now.

[TOM4CWB]

The ship insurers in London have given one week insurance for the cargo ships to clear the Black Sea corridor.

Cheers

[sumdumguy]

Risky business, I would think. Can you see the Ruskies taking 1,2,3 or all out? What do you think that would do to shipping insurance in general? 💥🚀

[AlbertaFarmer5]

Judging by the market's response today. I assume the market asking the same question, and are in wait and see mode.

One would think that if they didn't have the means or the intention to enforce the threat of pulling out of the green deal that they wouldn't have made a public statement about it. That would only make them look even weaker would it not? Which is about the last thing they would need right now.

Does the fact that Russia has agreed to reopen the corridor with conditions now indicate that they did lack the ability to enforce their position? Or the will to target civilian shipping? One would think that targetting ships which could be flagged from all parts of the world would be a major escalation internationally, and not a good strategy for winning friends.

Or was it all just a negotiating tactic?

One has to wonder what is really going on behind the curtain.

[shtferbrains]

The negotiation is that their Russian Baltic fleet is untouchable.
Significant amount of the cruise missles are launched from the specialized missle carriers in Baltic fleet.

[TOM4CWB]

Putin said the UN has less than 2 weeks to renegotiate the grain shipping corridor deal... Russia will pull the plug on the whole deal if Putin doesn't like the concessions....

Turkey is doing very well on the deal...

Russia is threatening Norway...

https://ca.yahoo.com/news/final-destruction-russia-threatens-norway-202518969.html

The Daily Beast
‘Final Destruction’: Russia Threatens Norway With Ugly Fallout
Shannon Vavra
Wed, November 2, 2022, 2:25 PM

"Russia announced Wednesday that it views Norway’s work with other countries in the North Atlantic Treaty Organization as provocative, warning that Norway’s efforts to bolster its military in response to Russia’s invasion of Ukraine this year will likely be the death knell for Oslo-Moscow relations moving forward.

“Oslo is now among the most active supporters of NATO's involvement in the Arctic,” Russian Foreign Ministry Spokesperson Maria Zakharova said Wednesday, according to TASS. “We consider such developments near Russian borders as Oslo's deliberate pursuit of a destructive course toward escalation of tensions in the Euro-Arctic region and the final destruction of Russian-Norwegian relations.”

In her statement, Zakharova also warned that any further “unfriendly actions will be followed by a timely and adequate response.”

The news of Russia’s complaints about Norway comes just a day after Norway raised its military alert level in response to suspicious drone sightings. Norway has arrested several Russians, including one son of an associate of Russian President Vladimir Putin’s, and accused them of illegally flying drones in Norwegian airspace or taking photos in restricted areas as concerns abound about potential Russian attacks on critical infrastructure. Norwegian Prime Minister Jonas Gahr Støre warned Russia to cut it out, according to Norwegian broadcaster NRK.

NATO countries ought to be on alert to Russia’s aggression in light of the war in Ukraine, Støre warned Monday.

“Today, we have no reason to believe that Russia will want to involve Norway or any other country directly in the war,” Støre said. “But the war in Ukraine makes it necessary for all NATO countries to be more vigilant.”