Where are wheat’s legs coming from?

[13stripe]

Saw post where India may be short of wheat.

[furrowtickler]

Saw post where India may be short of wheat.

[url]https://youtu.be/zMmm3rqwfhw[/url]

https://youtu.be/zMmm3rqwfhw

[SASKFARMER]

Russia Ukraine big crop no more

[flea beetle]

Russia Ukraine big crop no more

Drought in both countries?

[makar]

Cargill called me yesterday, first time in 8 years. I had forgot they were still in business.

[flea beetle]

Saw post where India may be short of wheat.

Thanks for the info!

[flea beetle]

Cargill called me yesterday, first time in 8 years. I had forgot they were still in business.

Must have trains to fill! There has to be fresh sales we don’t know about yet.

[RD414]

Too bad we don't have something like,say, sales reporting, like the Americans have.

[AlbertaFarmer5]

I see reference above to the Middle East war being bullish wheat prices. I've heard that concept often lately. But can someone explain to me why that would be bullish wheat prices? A region that imports grain being destabilized doesn't seem bullish on the demand side of The ledger. Disrupting freight doesn't seem bullish. More expensive freight doesn't seem bullish on the sellers end.
It may be bullish commodities overall, especially energy, which will spill over into ag commodities perhaps.
Or will probably be inflationary which will lift all boats.
It seems to me that the bullish factors would be much longer term, whereas the short-term effects look more bearish.

Where is the flaw in my argument?

[flea beetle]

I see reference above to the Middle East war being bullish wheat prices. I've heard that concept often lately. But can someone explain to me why that would be bullish wheat prices? A region that imports grain being destabilized doesn't seem bullish on the demand side of The ledger. Disrupting freight doesn't seem bullish. More expensive freight doesn't seem bullish on the sellers end.
It may be bullish commodities overall, especially energy, which will spill over into ag commodities perhaps.
Or will probably be inflationary which will lift all boats.
It seems to me that the bullish factors would be much longer term, whereas the short-term effects look more bearish.

Where is the flaw in my argument?

My thought process went to exactly what you wrote about the war being bullish commodities in general, especially energy, and that bullishness spilling over into ag.

[AlbertaFarmer5]

My thought process went to exactly what you wrote about the war being bullish commodities in general, especially energy, and that bullishness spilling over into ag.

I can see that leading to hoarding and stockpiling. Which would be bullish in the short term. But bearish eventually.

[Sodbuster]

Still lots of unknowns at this point.
Winter wheat in the States
Conditions in Ukraine and Russia
Indian wheat crops
Prairies, will we see enough rain this year