Ukraine/Russia exports and wheat
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Started by metmike - May 13, 2022, 1:38 p.m.

Ukraine produced a lot of grain – can farmers elsewhere replace the crops lost to war?

Chart of major wheat exports by country++++++++++++++++++++++++++++++++++


 #Ukraine &  #Russia together account for 29% of world #wheat exports compared with 15% a decade ago. Among their top wheat buyers are Egypt, Turkey, Indonesia, Bangladesh, Pakistan, Azerbaijan and Yemen.



Infographic: The Most Vulnerable Countries Amid Wheat Shortages | Statista

By metmike - May 13, 2022, 1:46 p.m.
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By metmike - May 13, 2022, 1:48 p.m.
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Here's another great way to help visualize it:

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

Ukraine's share of agricultural exports in 2021/22

By metmike - May 13, 2022, 2:14 p.m.
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By metmike - May 13, 2022, 2:26 p.m.
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Price charts of wheat in the futures market:

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.

By metmike - May 13, 2022, 2:32 p.m.
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    Re: Re: Re: USDA May 12, 2022            

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

            metmike: Looks BULLISH for wheat to me.


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%.





By metmike - May 14, 2022, 4:01 p.m.
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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.    

By metmike - May 23, 2022, 1:08 p.m.
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Panicky Markets Are the Greatest Danger to Global Food Supply

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

By metmike - May 23, 2022, 2:41 p.m.
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ERS: US Wheat Price Projected at Record High, Major Exporters’ Ending Stocks Lowest Since 2012/13