Forwarded from Ice Age Farmer
GRAINS-Wheat and corn up over 20% in 2021, soybeans edge to third year of gains
U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021.
Corn futures Sv1, which have jumped 23.4% this year, have paced the grain markets, supported by increased feed usage by livestock as well as a rebound in the ethanol sector as drivers returned to the roads due to easing COVID-19 restrictions. The corn market has risen for four years in a row.
Wheat futures were up 20.6% for the year and were on track for their fifth straight yearly gain and their biggest since 2010. Crop problems in Australia and worries about export curbs in Russia have supported the wheat market throughout 2021.
Soybean futures, which hit their highest level since 2012 in May, were up just 2.4% for the year, as a bumper harvest in the United States and good growing weather in Brazil have pressured prices during the fourth quarter.
#Corn #soybeans #Wheat #FoodPrices
https://www.nasdaq.com/articles/grains-wheat-and-corn-up-over-20-in-2021-soybeans-edge-to-third-year-of-gains
U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021.
Corn futures Sv1, which have jumped 23.4% this year, have paced the grain markets, supported by increased feed usage by livestock as well as a rebound in the ethanol sector as drivers returned to the roads due to easing COVID-19 restrictions. The corn market has risen for four years in a row.
Wheat futures were up 20.6% for the year and were on track for their fifth straight yearly gain and their biggest since 2010. Crop problems in Australia and worries about export curbs in Russia have supported the wheat market throughout 2021.
Soybean futures, which hit their highest level since 2012 in May, were up just 2.4% for the year, as a bumper harvest in the United States and good growing weather in Brazil have pressured prices during the fourth quarter.
#Corn #soybeans #Wheat #FoodPrices
https://www.nasdaq.com/articles/grains-wheat-and-corn-up-over-20-in-2021-soybeans-edge-to-third-year-of-gains
Nasdaq
GRAINS-Wheat and corn up over 20% in 2021, soybeans edge to third year of gains
U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021.
Forwarded from Ice Age Farmer
USDA just released January data, lowering global carryout of soybeans by 9mil bushels, and corn by 2m — this reflects how bad growing season is going in South America.
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022.
#Soybeans #Corn
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022.
#Soybeans #Corn
Forwarded from Ice Age Farmer
USDA just released January data, lowering global carryout of soybeans by 9mil bushels, and corn by 2m — this reflects how bad growing season is going in South America.
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022. And with China just closing another port — there is good reason to be concerned.
- more expensive food
- more expensive animal feed = less ranchers, more expensive meat
#Soybeans #Corn
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022. And with China just closing another port — there is good reason to be concerned.
- more expensive food
- more expensive animal feed = less ranchers, more expensive meat
#Soybeans #Corn
Forwarded from Ice Age Farmer
EU is 3rd biggest consumer of corn, and imports majority (70%!) from Ukraine annually.
Honest question, as ports are being closed to Russia: where are they going to get their food this year? Given Brazil’s weather struggles, and Bayer declaring force majeur in US, it’s just not possible.
This isn’t just “sanctions” — we are watching a mass suicide ritual. Sorry to be blunt. I just don’t understand how people don’t see this, but I guess they are busy pouring out bottles of vodka.
Suddenly the deagle population predictions of massive losses across western countries, while Russia/China stay flat, make absolute sense…
#eu #ukraine #corn
Honest question, as ports are being closed to Russia: where are they going to get their food this year? Given Brazil’s weather struggles, and Bayer declaring force majeur in US, it’s just not possible.
This isn’t just “sanctions” — we are watching a mass suicide ritual. Sorry to be blunt. I just don’t understand how people don’t see this, but I guess they are busy pouring out bottles of vodka.
Suddenly the deagle population predictions of massive losses across western countries, while Russia/China stay flat, make absolute sense…
#eu #ukraine #corn