Currency effect or inflation? Wheat

[malleefarmer]

Wheat chart

[errolanderson]

Wheat chart
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Mallee . . . currency all-the-way as there is nothing inflationary about these markets . . . .

[Ache4Acres]

Isn’t the rapid devaluation of currency the same as inflation?

[beaverdam]

Some days I think graincos make more money off Canadian grain, from the currency exchange, than they do from elevation, storage, cleaning and handling charges.

[farming101]

Some days I think graincos make more money off Canadian grain, from the currency exchange, than they do from elevation, storage, cleaning and handling charges.

You are so right. Many days currency fluctuations and associated hedging profits are kept entirely by the graincos.

[bucket]

You are so right. Many days currency fluctuations and associated hedging profits are kept entirely by the graincos.

That's what the fake basis is for ....to hide the exchange....

Enter j.depape.....stage right.

[biglentil]

Isn’t the rapid devaluation of currency the same as inflation?

The financial pundits keep warning about the deflationary boogy man. Wake me up when things become cheaper and currency buys more.

[malleefarmer]

Mallee . . . currency all-the-way as there is nothing inflationary about these markets . . . .

But doesnt argentina have very high inflation shit of a picture i know

[errolanderson]

But doesnt argentina have very high inflation shit of a picture i know

True, but domestic economic crisis that has been created in-part by currency collapse and runaway interest rates.

This crisis hasn't impacted global wheat values to my knowledge. Correct me where I'm wrong, but internal implosion now occuring in Argentina which will lead to hardships.

[ajl]

The financial pundits keep warning about the deflationary boogy man. Wake me up when things become cheaper and currency buys more.

You have overslept. Back in 2012 it would cost you $14 to get a bushel of canola and today you can get it for under $11. In 2012 that bushel also cost $14 USD and today only $8.25 US. Gotta be paying attention.

[biglentil]

You have overslept. Back in 2012 it would cost you $14 to get a bushel of canola and today you can get it for under $11. 2012 that bushel also cost $14 USD and today only $8.25 US. Gotta be paying attention.

I don't know about you but I don't buy canola unless its blue and 14 bucks a pound. I grow it and the price of land, price of iron, cost of labour all up up up.

[Rareearth]

The only consumer goods that have decreased in price are tv’s. They now have the latest and greatest new and emerging tech, don’t seem to be getting lower cost any more like they were 10years ago.

- hotels
- McDonald’s inflation monitor ( Big Mac, smaller portions and higher cost)
- wages
- auto
- fertilizer
- etc

I don’t see deflation, stagflation yes. If costs of goods and services go down any it would be max 10%
Interest rates are low to maintain the economy ( debt) , higher interest rates would destroy the economy faster than a train derailment (oil) in Moosejaw.

Expect more of the same, doom and gloom with nothing really changing

[errolanderson]

Until there is a political will and governments are actually accountable for debt due to voter wake-up and shake-up, nothing will change until after the next recession/depression is over. The next generation may have a much different view on debt and qualities of our politicians.

There is an economic shake-up now 'coming-on-strong' (IMO) . . . .

[sumdumguy]

CTV News reports that European soft drinks to ice cream are affected because of a shortage of CO2. Thought we have too much—— well then, send it to Europe, then we won’t have to pay stupid tax.

[errolanderson]

China is punching back. They are devaluing the Yuan and dumping American debt.

This senseless trade war driven by political ego will pull the entire global economy into recession before we toast the new year (IMO). U.S. dollar (please treat as opinion) appears overbought.

There is no chance of any BOC rate hike. Fed rate hikes are also likely questionable. An true economic gong show now taking place . . . .