War premiums.

[Landdownunder]

Has the world or the markets become immuned to war and black swan events?
Years gone by we would be on $12 a bushel for wheat and oil in stratoshpere.

Waiting for rallies in bear market is fraught with danger im learning.

Only guy on this site woulda coulda sold in nov.

End of rant tail firmly between legs licking my balls

[Old Cowzilla]

Doesn't seem to bother markets much other than bigger freight bills on shipping lanes. North Americans already pissy about food prices can't imagine the public reaction if folks had to use my grandma's food ration coupons from WW2. Herd China was buying canola yesterday on radio but maybe just beer talk.

[woodland]

Has the world or the markets become immuned to war and black swan events?
Years gone by we would be on $12 a bushel for wheat and oil in stratoshpere.

Waiting for rallies in bear market is fraught with danger im learning.

Only guy on this site woulda coulda sold in nov.

End of rant tail firmly between legs licking my balls

You’re not alone. Only bins “sold” here are what was cow chow and now is moo poo. Can’t win ‘em all…………….

[shtferbrains]

[QUOTE=Old Cowzilla;n787987 Herd China was buying canola yesterday on radio but maybe just beer talk.[/QUOTE]

Looks like China got the price to where they like it?

Appear to be importing at high levels after very low levels in the fall.

Chart from Chuck Penner/Left FieldCR.com

[fjlip]

China bought cheaper (due to Ruble values), Russian canola/****seed oil instead of us....farmers paying for the war again! Sanctions are shooting ourselves in the foot.

Similarly cheaper crude Russia exporting keeping crude $ down.

At same time Russian farmers making a killing with higher prices due to exchange. Their costs lower since the have fertilizer, gas, oil in house.

In Ukraine, farmers losing $.

[the big wheel]

nobody is asking where the 7 dollars of canola per bushel has gone? canola oil
is higher now than it was when raw canola was 20 bucks? Farmers are paying for
inflation but everyone up the chain is not passing that to consumers this is what happens
when you have no oversight.
Lmao to think russian farmers are making a killing is beyond *** stupid Putin makes what ever money there is and it goes to pay north korea and Iran for weapons you know all of the maga nuts friends!!!

[furrowtickler]

Agree on the lost value in canola
25% less canola than a year ago yet prices down huge

[fjlip]

Some else cheaper, lowest price is the law. Supply is NOT a concern atm.

Crude price hurts us. Venezuela and Russia pumping at max, cheaper due to exchange.

[AlbertaFarmer5]

I have a tin foil hat theory that commodities, particularly oil possibly gas, and likely grains are being artificially suppressed in an attempt to starve Russia of capital. Since the sanctions failed miserably, and immediately commodities shot up, more than making up for the loss in revenue from the sanctions, this was the West's next attempt at starving them out.
In oil it was easy and obvious, selling the strategic reserves.
I don't profess to know how it could be done in grains, but could it be as simple as governments guaranteeing to backstop trading houses or commodity companies while they quietly short the market?


Realistically, ending stocks in wheat are lower now than they were at the highs of 22. And so are our prices. Perhaps that is just the futures market looking towards the future?