Russia Wheat Exports Explode

[farming101]

Cotton, are you thinking of a specific commodity?
It gets complicated.

The exchanges with large amounts of activity are the place where speculators go. They are liquid. Easy to get in and out of positions. When this is the case it can be difficult to make any conclusions about supply. Even with smaller exchanges like Minneapolis you need more info than the Futures contracts provide before you can make any conclusions about supply and demand.

There might be no shortage of supply, but it is in the wrong place. Oats a couple years ago is a good example. Plenty of supply in Canada but no way to get it to the mills or delivery warehouses.

[westernvicki]

Sit behind my desk, and you see the competition everyday, at prices that defy our math. Talk me out of it because I want to be wrong, but the Russians are coming (and not just them!).

And so with the news to day, the carbon tax and the rail review both of which could potentially increase our costs without any material benefit to our industry we have to ask who is monitoring this file, because someone should be.