Markets …. WOWZERS!!!

[Austrian Economics]

Higher interest rates are having a gradual impact on the economy, especially on the housing sector. Credit distress is growing. As for ag, higher rates have been counterbalanced by firm commodity prices. Farmers are still largely able to afford new equipment despite skyrocketing prices for it. Manufacturers I have talked to say they still cannot keep up with demand. If the war in the Ukraine ended tomorrow, we would probably see a big drop in commodity prices, but it seems the war still has a long way to go.

[shtferbrains]

The Black Sea grain export agreement come up for renegotiating on March 18.
Russia will be blustering about not renewing it for the interm.
Might have some push on price.

[furrowtickler]

Higher interest rates are having a gradual impact on the economy, especially on the housing sector. Credit distress is growing. As for ag, higher rates have been counterbalanced by firm commodity prices. Farmers are still largely able to afford new equipment despite skyrocketing prices for it. Manufacturers I have talked to say they still cannot keep up with demand. If the war in the Ukraine ended tomorrow, we would probably see a big drop in commodity prices, but it seems the war still has a long way to go.

Agree , but production at manufacturers still way below long term , so kinda false positive.
Housing plummeting as we speak .
The under 35 crowd in deep trouble right now , inflation and interest rates crushing them and starting to hit the 40-60 crowd .
Consumer spending brakes getting applied big time right now .
Dodge trucks $15000 off with 1/2 interest rates offered …. Still not selling much .
Even GM lots filling up now , some pre sales but new are non existent unless cash . $110,000 for a truck at high interest rates is a fantastic way to lose money fast that the majority don’t have .
Disposable income in the middle class has evaporated the past 8 months

[fcr]

Wheat 11.15. Canola 17.98. Today at local RP. Do we ride it out and hope for a spring rally.Starting to think maybe missed the boat , thoughts

[Marusko]

Wheat 11.15. Canola 17.98. Today at local RP. Do we ride it out and hope for a spring rally.Starting to think maybe missed the boat , thoughts

sold my canola. It's so hard to say. i feel like there is upside in the wheat b/c russia has been pumping out wheat and i feel like that's going to get disrupted at some point before new crop. March 18 being the next important date.

that said if everyone's fearful that's usually when most are selling, and soon it runs around...?? ? so hard to say.

[fjlip]

Wheat 11.15. Canola 17.98. Today at local RP. Do we ride it out and hope for a spring rally.Starting to think maybe missed the boat , thoughts

17.73 again today...10.68 wheat, RP

[BTO780]

What a disaster the wheat market is. I’m not giving in and selling into this corrupt market. Wheat is so oversold and is need of a correction.

[Old Cowzilla]

So is it any easier to grow wheat in the war zone this spring compared to last ? Don't seem to hear anything about that just the talk about emptying all these bottomless bins so it seems.

[TOM4CWB]

Interesting times!





Cheers

[TOM4CWB]

Snow over the next week: