Grain prices/news
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Started by metmike - March 29, 2022, 11:53 a.m.

@kannbwx

Commodity markets were down hard early on Tuesday as Russia promised to scale down operations near Kyiv and north Ukraine, though analysts note those are areas where the Russians have been losing ground. Perhaps not a significant olive branch.

A service member of pro-Russian troops walks near an apartment building destroyed in the course of Ukraine-Russia conflict in the besieged southern port city of Mariupol, Ukraine March 28, 2022. REUTERS/Alexander Ermochenkoreuters.comUkraine sets ceasefire goal for new Russia talks, but breakthrough looks distantUkraine said its top objective at the first face-to-face talks with Russia in over two weeks, due to take place in Turkey on Tuesday, is to secure a ceasefire, although both it and the United States...

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By metmike - March 29, 2022, 11:58 a.m.
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@kannbwx

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May #corn also fell the daily limit - 35 cents - but the comeback is not quite as strong as of mid-morning. Lower limit is $7.13-1/2 per bushel. Corn and wheat have been heavily affected by developments in Ukraine since the country is a key exporter of both.

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By metmike - March 29, 2022, 11:59 a.m.
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@kannbwx

May CBOT #wheat futures fell the daily 85-cent limit as the day session began on Tuesday, but they had made a significant comeback by mid-morning. That lower limit is $9.72 per bushel.

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By metmike - March 29, 2022, 12:01 p.m.
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@kannbwx

#Brazil's planted area of #soybeans for the 2022/23 harvest may grow at the slowest rate in 15+ years due to the high costs of converting land into soy fields.

 A crop of 141M tonnes would not be as strong as the initial 2021/22 ideas. Planting for 2022/23 begins in September.

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By Jim_M - March 31, 2022, 11:36 a.m.
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I think if history is our teacher, any talks of peace from Russia should be considered head fakes.  

By metmike - March 31, 2022, 12:32 p.m.
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Thanks Jim!

I wouldn't assume anything.

Putin can't win with this tactic. 

He knows a billion+ people would like for him to be dead, including leaders of countries. Russia has been shunned by most of the world and they won't do business with him........meaning Russia is destined to collapse.

What does somebody do in that predicament?

The answer is........it's unlikely they will do nothing and just let it happen but even that's possible.

They will likely........do something, other than just sit there and let Russia totally crumble in front of their eyes.

Something has a wide range. Going from conceding and withdrawing for good to using nuclear weapons at the other extreme.

Anybody that thinks they know because they understand Putin better than most people is just fooling themselves.

3 months ago, nobody thought we would be where we are.

In 3 months, we could be in a place that is totally different. Sure, this could be a protracted quagmire for years but it easily be something totally different........worse or better.

By wglassfo - April 1, 2022, 11:56 a.m.
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I doubt russsia is serious about peace talks any time soon

Probably find a reason to extend peace talks for yrs, and try  to blame Ukraine for peace talks failure

During this time russia originally wanted most or all of Ukraine as a buffer state. Will bomb civillians ad hock if necessary

Things change and russia will not stop with out control of Black Sea ports plus all russian territory that want to be a part of russsia. Yes there are old school who want to be a part of russia, such as eastern part of Ukraine

Russia stayed in Afganistan for 10 yrs and will stay in Ukraine for 10 yrs or at least until major Ukraine concessions such as the east being totally russian controlled. Of coarse Ukraine will not accept this

Russia will use threat of nuclear to keep NATO at bay or non interference

Putin has replaced any general with a thinking thought process as Putin sees such a person as a threat to a coup 

That's why his generals can't win this war because Putin has made it his biz to have weak generals who are no threat to his power

Putin will stay in Ukraine for 10 yrs or until too old to hang on to power in russia

This war will not end soon, that is my 2 cents


By metmike - April 1, 2022, 3 p.m.
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Russia stayed in Afganistan for 10 yrs and will stay in Ukraine for 10 yrs


Thanks Wayne,

Russia didn't  get shunned by the rest of the world over Afghanistan, with economy killing sanctions.

There won't be much left of an economy for Russia in a couple years under  this current environment.

Russia will be in the depths of its biggest depression in history with very little  to sustain its people. 


By cutworm - April 1, 2022, 5:12 p.m.
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United States grain embargo against the Soviet Union

The United States grain embargo against the Soviet Union was enacted by Jimmy Carter in January 1980 in response to the Soviet Union’s invasion of Afghanistan in 1979. It remained in effect until Ronald Reagan ended it in 1981 upon taking the office of president. American farmers felt the brunt of the sanctions, while it had a much lesser effect on the Soviet Union, bringing the validity of such embargoes into question.[1] During the presidential election campaign of 1980, Republican nominee Ronald Reagan promised to end the embargo while incumbent Democratic nominee Jimmy Carter was not willing to do so.[2]

United States grain embargo against the Soviet Union - Wikipedia

By metmike - April 1, 2022, 8:41 p.m.
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So what's the point cutworm?


Carter didn't have the assistance of other countries like we have now with the West uniting, so it didn't work?

Carter was ahead of his time in penalizing Russia for it's invasion of a foreign country based on human ethics/morality?

Embargo's are things that democrats do that don't work and this one is wrong too?



By metmike - April 4, 2022, 2:07 p.m.
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@kannbwx

CBOT December #corn futures climb above $7 per bushel for the first time since 2012, though that mark was first hit in July that year.

 New-crop corn passed $7 in 2008 & 2011, but not until June in both cases. Dec corn's 2021 high was $6.38 on May 7.

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By metmike - April 4, 2022, 2:15 p.m.
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@kannbwx

Change in most-active CBOT futures during Q1 2022:#Corn +24%

#Soybeans +18%

#Wheat +28%#Soymeal +13%

#Soyoil +26% Versus Q1 2021: Corn +16% Soy +7% Wheat -5% Meal -5% Oil +23%

By metmike - April 4, 2022, 2:16 p.m.
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@kannbwx


Most-active CBOT futures, April 1, 2022 vs. April 1, 2021:

#Corn +31%

#Soybeans +13%

#Wheat +61%

#Soymeal +10%

#Soyoil +37%