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Wheat markets up , Ukraine Dam destroyed

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Jun 6, 2023 | 05:34 1 https://www.zerohedge.com/geopolitical/massive-wall-water-surges-through-ukraine-after-major-dam-blown

Wheat markets reacting to this today ?

Terrible news for those downstream
Each side blaming each other , such is the fog of war .
Last edited by furrowtickler; Jun 6, 2023 at 06:10.
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  • biglentil's Avatar Jun 6, 2023 | 10:54 2
    Quote Originally Posted by furrowtickler View Post
    https://www.zerohedge.com/geopolitical/massive-wall-water-surges-through-ukraine-after-major-dam-blown

    Wheat markets reacting to this today ?

    Terrible news for those downstream
    Each side blaming each other , such is the fog of war .
    That crazy Putin blowing up infrastructure that hurts Crimeas water supply and floods his line. Reply With Quote

  • Jun 6, 2023 | 11:32 3
    Quote Originally Posted by biglentil View Post
    That crazy Putin blowing up infrastructure that hurts Crimeas water supply and floods his line.
    Are you sure it was Putin? Reply With Quote

  • Jun 6, 2023 | 13:30 4
    Quote Originally Posted by bucket View Post
    Are you sure it was Putin?
    He’s sure it wasn’t. Reply With Quote

  • Jun 6, 2023 | 13:33 5 There will be nothing left and Big Z won’t negotiate an end, not least bit interested. Don’t call Saul - call Trump. Reply With Quote
    biglentil's Avatar Jun 6, 2023 | 13:39 6 About as likely as Putin blowing up his own Nordstream pipeline.
    Name:  Screenshot_20230606_133837_Twitter.jpg
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  • makar's Avatar Jun 6, 2023 | 18:15 7 News says grain up, reality to me grain down. Reply With Quote
    Jun 6, 2023 | 18:18 8
    Quote Originally Posted by makar View Post
    News says grain up, reality to me grain down.
    Sure turned out that way Reply With Quote
    Jun 6, 2023 | 18:25 9
    Quote Originally Posted by biglentil View Post
    That crazy Putin blowing up infrastructure that hurts Crimeas water supply and floods his line.
    "Crazy Putin" At least you got one thing right in your post. Reply With Quote
    jazz's Avatar Jun 6, 2023 | 19:35 10 Canadas worst dam looks better than that rat trap in Ukraine. We all know coke boy was responsible. Reply With Quote
    Jun 6, 2023 | 20:08 11
    Quote Originally Posted by jazz View Post
    Canadas worst dam looks better than that rat trap in Ukraine. We all know coke boy was responsible.

    Nova Kakhovka was started under Soviet leader Josef Stalin and finished under Nikita Khrushchev.

    Your Commie hero's built the rat trap Jazz, so who's surprised? Reply With Quote
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  • Jun 7, 2023 | 05:35 12 With the loss of the dam what was most of the irrigation water being used for Corn, potatoes ? Just some wheat maybe ?
    Last edited by Old Cowzilla; Jun 7, 2023 at 05:37.
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    Jun 7, 2023 | 08:24 13
    Quote Originally Posted by Old Cowzilla View Post
    With the loss of the dam what was most of the irrigation water being used for Corn, potatoes ? Just some wheat maybe ?
    I just read that Sunflowers are one of the biggest crops in that irrigation area. Which could explain the strength in Canola relative to wheat yesterday. Reply With Quote
    Jun 7, 2023 | 08:34 14 I see from twitter the port is now flooding bad as expected, not a goo situation
    Even worse for all the citizens that have endured this stupid war and now this .
    Economic fall out in that region will be huge Reply With Quote
    Jun 7, 2023 | 16:52 15 That blown up dam is almost twice the size as lake Diefenbaker, it holds almost 15 million acre feet of water. Reply With Quote
    Jun 7, 2023 | 17:19 16 Doesn’t seem like any news really affects the markets anymore.
    Just go up and down for basically no reasons. Reply With Quote

  • Jun 7, 2023 | 17:45 17
    Quote Originally Posted by quadtrac View Post
    Doesn’t seem like any news really affects the markets anymore.
    Just go up and down for basically no reasons.
    All fund money and USDA tinkering
    Nearly zero to do with supply/ demand anymore Reply With Quote

  • fjlip's Avatar Jun 7, 2023 | 19:00 18 And DOWN goes wheat today...all bullsh it Reply With Quote
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  • Jun 8, 2023 | 01:47 19 Reply With Quote
    Jun 8, 2023 | 13:02 20 Also

    North american drought becoming more evident

    News story in Kansas wheat harvest will be smallest in 60 years

    https://www.kwch.com/2023/06/05/kansas-wheat-harvest-looks-be-historically-small/

    Alberta moisture update May 29 notes little reserve moisture in the soil, with large areas of the province having 1-in-25 and 1-in-50 year deficits

    Why does wheat keep floating down? Maybe too early in the season for the weather to hit the market?
    Last edited by Marusko; Jun 8, 2023 at 13:05.
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    Jun 8, 2023 | 13:08 21
    Quote Originally Posted by Marusko View Post
    Also

    North american drought becoming more evident

    News story in Kansas wheat harvest will be smallest in 60 years

    https://www.kwch.com/2023/06/05/kansas-wheat-harvest-looks-be-historically-small/

    Alberta moisture update May 29 notes little reserve moisture in the soil, with large areas of the province having 1-in-25 and 1-in-50 year deficits

    Why does wheat keep floating down? Maybe too early in the season for the weather to hit the market?
    They are trying desperately to keep a lid on things Reply With Quote

  • Jun 8, 2023 | 13:21 22
    Quote Originally Posted by furrowtickler View Post
    They are trying desperately to keep a lid on things
    Keeping food prices from rising more, keeping inflation at bay, farmers can always take less, right.

    Never forget the U.N. dude, instructing countries to spread out the grain purchases, and not to bid against each other, just to obtain a year ahead supply all at once. "Buy small amounts and spread out the purchases to avoid grain prices from rising too much, when there are world shortages", he said

    F_ _ _ Off U.N. Reply With Quote
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  • Jun 8, 2023 | 13:22 23
    Quote Originally Posted by furrowtickler View Post
    They are trying desperately to keep a lid on things
    There is a point of no return where moisture won't help a crop. Reply With Quote

  • Jun 8, 2023 | 13:25 24
    Quote Originally Posted by bucket View Post
    There is a point of no return where moisture won't help a crop.
    Yup the vast majority of us actual farmers know and unfortunately have been there . And for most it’s staring them in the face already Reply With Quote
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  • Jun 8, 2023 | 17:57 25 Today on the CBOT ;
    Chicago Jly Wheat traded 90636 contracts
    Minnie Jly Spring Wheat traded 3206

    Soybean Jly traded 135990
    Canola Jly traded 17272

    The funds are trying to protect their shorts .
    They have had a good go if your betting on the down trend.

    I know very little about trading futures but if you thought you could influence the market with big fund dollars is that more likely possible in the smaller volume markets?

    What about the short squeeze?
    Is that a bigger risk? Reply With Quote
    Jun 8, 2023 | 18:20 26 I’m not a conspiracy nut but these guys are working together to shit on our time to make some money. Weber would know but they don’t talk much about the 90 day or 45 day wheat supplies much for fear of invoking chaos in people that actually pay attention to things that matter.
    No different than the fire situation going on right now. They never seize an opportunity to stoke the fires of their agenda or quell the potential chaos that could occur if grain prices get out of hand. Reply With Quote
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  • Jun 9, 2023 | 07:48 27 All I know if we woulda listened to larry our marketing wouldn’t be the disaster it is
    Seems to be the only non farmer that has farmers backs ! Reply With Quote