Not your average recession . . . .

[errolanderson]

NVIDA earnings day after the close. Capitalization larger than Canada’s entire GDP and most powerful stock in the world.

Will greed be gratified or will earnings take down the entire U.S. stock market?

[agstar77]

Good thing it is not the 13th tomorrow. More likely to go down than up. Well, was I wrong.

[errolanderson]

Nvidia better-than-expected earnings this aft. Stock reversed from -6% this morning to +7% in aft within 15 minutes. This is a recovery reported of $250 billion U.S., one heck of a bullish reversal. World saved . . . .

[errolanderson]

Nvidia today.

[AlbertaFarmer5]

From Kory Melby. He puts it into perspective:

Nvidia moved 250 billion in a couple of minutes. The total value of USA corn and soy is what? About 110 billion dollars at today's prices. Think about what a pissant you are to AI? However, when the time right, these billions can double corn and soy prices quickly. Too bearish

[furrowtickler]

We are all complete piss ants wether we farm 600 ac or 60,000 or more .
so is our production in a world wide scale from Canada.
All I hear this past 4 months is Russian grain is flooding the markets with cheap grain . And Ukraine grain flooding the markets , how is that possible when everyone is dying in the Ukraine ?????????
How is it possible to produce record crop in Russia and Ukraine when they are at war ? Maybe I am just missing something.
well , it just don’t add up, there is no way one country dominates world grain and oilseed trade when in war , I don’t care how cheap they sell it, Russia alone can not supply world trade . They both have active armies to feed , no ?
Yet everyone hates Russia , so what’s the deal , who are they selling too ?
BRICS has to be way stronger than we are being told is the absolute only reason.
something smells awful bad with the story we are being told .
Over 1/2 the world’s population don’t care about Ukraine and buying , grain , oil gas from Russia on their doorstep
I guess In our mind it’s not right but to the entire east like China , Indianand Indonesia it’s of very little consequence.
no idea how this is fixed from our perspective.
Current Canadian leadership has nearly completely cut us off from over 1/2 the world’s population of importers for food .
we are truly stuck between a rock and a hard place for a while.
No easy solution

[errolanderson]

Found this both funny and serious. This may be a historic bubble ‘of the ages’, in-progress.

[Hamloc]

We are all complete piss ants wether we farm 600 ac or 60,000 or more .
so is our production in a world wide scale from Canada.
All I hear this past 4 months is Russian grain is flooding the markets with cheap grain . And Ukraine grain flooding the markets , how is that possible when everyone is dying in the Ukraine ?????????
How is it possible to produce record crop in Russia and Ukraine when they are at war ? Maybe I am just missing something.
well , it just don’t add up, there is no way one country dominates world grain and oilseed trade when in war , I don’t care how cheap they sell it, Russia alone can not supply world trade . They both have active armies to feed , no ?
Yet everyone hates Russia , so what’s the deal , who are they selling too ?
BRICS has to be way stronger than we are being told is the absolute only reason.
something smells awful bad with the story we are being told .
Over 1/2 the world’s population don’t care about Ukraine and buying , grain , oil gas from Russia on their doorstep
I guess In our mind it’s not right but to the entire east like China , Indianand Indonesia it’s of very little consequence.
no idea how this is fixed from our perspective.
Current Canadian leadership has nearly completely cut us off from over 1/2 the world’s population of importers for food .
we are truly stuck between a rock and a hard place for a while.
No easy solution

Trudeau struts around proclaiming how much damage he is doing to Putin and his supporters with all the sanctions that have been imposed. At the same time in 2023 Russia went from being the number 5 world exporter of wheat in 2022 to number 1 in 2023. Certainly a large disconnect between what our Prime Minister says and what the world does!!!!

[ajl]

A lot of 'Ukrainian grain' is produced by German, Dutch, and US companies complete with foreign management complemented by a little local labor. Polish farmers are trying to keep this production out of the Polish and by extention the EU market. Ever heard of the Nextat combine, the worlds largest? Several are working in the Ukraine. Russia still has an inventory of land ready to be put back into production. One should keep that in mind when on the CLHbid site. Check out Countryside Acres on Youtube. It is about a large Canadian family that has recently moved to Russia to farm. This is one of the ways Russia is dealing with their demographic issues and will continue to be a force to reckon with. I found this channel when it had 15K subscribers about 6 weeks ago.

[url]https://youtu.be/9tpXxPPk_3M?si=nrvpnxjWZzoJ3lrm[/url]

[errolanderson]

Strap-in folks! With a recession just in its early stages and one hyped-induced AI company now dictating U.S. equity market direction, we are all in for one wild ride . . . . [email]errolanderson@substack.com[/email]

[errolanderson]

Macy’s now closing retail stores. Hopefully, the parade will be alright . . . .

Thankfully, U.S. Treasury Secretary Yellen just stated that she sees no sign of any U.S. recession in-sight. Politics over reality in pure sight.

Commodity slump hasn’t even hit the radar screen of central bankers. Errol’s Commodity Wire

[AlbertaFarmer5]

I found the deflation.

Beyond Meat's Market Cap:
July 2019: $14.14B
Today: $635.08M

Who could possibly have predicted that fake meat would fail so spectacularly?

[ajl]

More deflation to be found on the grain board this morning. Recent land auction in the hood saw some restraint in the bidding with 138 acres (20 acres including acreage was subdivided out) selling for 446K with buyers fee included. This was mostly cultivated and had canola stubble on from 23. Prodaniuk auction that one. CPPIB sold (gave away) some commercial office space in Vancouver, New York and California recently. I was told to an old timer farmer and he said he has held canola for 4 years once. It was in a small bin of 1400 bu. This looks to be the strategy required to get the cost of production out of canola.

[errolanderson]

From the world of the financial bizarro . . .

According to the Bank of America, the U.S. debt is now exploding at a rate of $1 trillion dollars every 100 days. Currently, U.S. government approaching $34.5 trillion.

Meanwhile in the casino markets, Dow, S&P and NASDAQ balloon to all-time highs this week. No exit door is remotely able to handle this incoming rush . . . .

[AlbertaFarmer5]

From the world of the financial bizarro . . .

According to the Bank of America, the U.S. debt is now exploding at a rate of $1 trillion dollars every 100 days. Currently, U.S. government approaching $34.5 trillion.

Meanwhile in the casino markets, Dow, S&P and NASDAQ balloon to all-time highs this week. No exit door is remotely able to handle this incoming rush . . . .

American markets wildly outperforming every other market in the world during this run. Is the market wrong, or is the market betting that Central Banks will have no choice but to inflate their way out of this yet again. And that once the flood gates open, American stimulus will look miniscule compared to every other market, so investments in US dollars will still outperform.