Ukraine-Russia Tensions: What it Could Mean for Agriculture

https://www.agweb.com/markets/world-markets/ukraine-russia-tensions-what-it-could-mean-agriculture

Here's another great way to help visualize it:

Column: Ukraine's rising role in grain exports complicates impact of crisis

https://www.reuters.com/markets/us/ukraines-rising-role-grain-exports-complicates-impact-crisis-2022-01-26/

This one includes Russia:

https://ourworldindata.org/ukraine-russia-food

Price charts of wheat in the futures market:

https://tradingeconomics.com/commodity/wheat

25 year chart. We took out the 2008 highs recvently.

1 year chart below. We were very high priced, historically already(because of low global stocks), then you can see the extreme upward spike that occurred right after the invasion by Putin...adding around $3  in a flash, to all time record high prices, then holding most of those gains.

We are threatening to take out the contract highs set right after the invasion.

            https://www.marketforum.com/forum/topic/84316/#84329

    Re: Re: Re: USDA May 12, 2022            

                         By metmike - May 12, 2022, 12:18 p.m.            

            metmike: Looks BULLISH for wheat to me.

@kannbwx

USDA projects 2022/23 ending stocks for U.S. #corn & #wheat will fall from the current year, but #soybeans are seen increasing. These trends align with trade expectations.

World #wheat stocks in 2022/23 are pegged well below trade expectations, but #corn comes in well above and #soybeans above. Old-crop corn stocks are up and soybeans are down.

USDA predicts #Ukraine's 2022/23 #corn crop will plunge 54% on the year with exports down 61%. #Wheat production is seen down 35% from last year and exports are set to fall 47%.

See an expansion of this topic here.

                Seasonal pattern for corn/beans/wheat +more            

                            5 responses |      

                Started by metmike - May 13, 2022, 10:25 p.m.            

https://www.marketforum.com/forum/topic/84417/

Panicky Markets Are the Greatest Danger to Global Food Supply

The loss of Ukrainian and Russian wheat can be made up elsewhere.

https://foreignpolicy.com/2022/04/12/russia-ukraine-war-wheat-global-food-supply-panic/

ERS: US Wheat Price Projected at Record High, Major Exporters’ Ending Stocks Lowest Since 2012/13

https://farmpolicynews.illinois.edu/2022/05/ers-us-wheat-price-projected-at-record-high-major-exporters-ending-stocks-lowest-since-2012-13/