I agree would be beneficial to everyone to see a peaceful resolution to the war in the Ukrainian. Our canola prices are more based on supply and demand. Before the war started we were close to 25 bucks a bushel and that was Christmas time. I don’t think much is attributed to the war. Forward prices are such that crushers will need to buy acres from other crops to supply their needs and with the cost of N it’s pushing farmers away from it.
Haulage will be playing into pricing. Local feedmills will pay a premium for local grain.
Not that different to last Friday though... its all leveled out.
Less volatility in the futures trade by the looks of it. Although down here last week I was offered £275/t, a fair bit less than futures and this week £293/t so perhaps physical grain are coming into line with virtual grain?
Where is STABLE commodity insurance when you need them? Shut the door and bolted about 2 years ago!
Speaking to a neighbour today who is from Ukraine. He was telling me that there is a factory in Odessa which produces neon gas . 90% of the world’s microchips depend on that gas for there production. Taking that factory out of production would fairly turn the world economy upside down.
Friend ordered a new Porsche pre Ukraine war and they were asking him if he wanted to order next 1 because 3 year waiting list.
Cefetra, Thursday. Tempted.
This is true, but pig and poultry producers still haven’t seen price rises to cover their costs, it will take a bit of time but unless the retailers put their hands in their pockets demand will fall.
Will you just not restock?
Most tickets are not bought by business people used to thinking about odds - they are bought by dreamers buying £1 of hope on a Saturday evening.....besides, this time it might be me........
