Combinables Price Tracker

[teslacoils]

I dont know. I would think there is pressure on the powers that be to reduce commodity inflation over the next 12 months. Throw into that a cessation of events in Ukraine, everyone pushing for max output as prices encourage plantings, demand destruction of feed grains there are definite risks.

No, this is not the case. Once it has jumped up, they dont really need to worry about it. Better grain etc suddenly doubling then staying stable. They want to show there are external one-offs, rather than a sustained spiral of wages and prices rising.

 

[texelburger]

bear in mind even if the ukraine has 20m ton of grain in port stores to move it is made up of wheat maize barley rye etc not just wheat as oft quoted , nobody knows how much is of merchantable quality plus their harvest is projected to be down by possibly this 20m figure .Other grain exporting countries or major prducers usa, india china etc are forecasting lower production .The world produces 760m tons of wheat/year so the amount in ukraine even if it is readily available is not going fulfill the annual demand also bearing in mind the amount of grain as overyeared stocks is down

I was told,by a merchant,that due to increased population an extra 15 million tons of wheat is required each and every year.Not sure how accurate this is though.

 

[4course]

I was told,by a merchant,that due to increased population an extra 15 million tons of wheat is required each and every year.Not sure how accurate this is though.

world population is aparently 83 billion and growing at 83 million /yr so wont be far out as that increase equates to 180kg / person for all uses human direct food , processed food,animal feed, industrial use etc

 

[Jerry]

 

[teslacoils]

That's according to Ukrainian sources.

 

[digger64]

20 million tonnes of Ukrainian old crop to shift before harvest by all accounts. 70% of their spring crop area is sown too, so pressure to find storage prior to harvesting...storage space is short

But dont accuse me of being a bear!!

will they need storage ? - I
would expect the russians to just burn it all as it ripens on a massive scale

 

[Pan mixer]

Bankers Are Driving the Wheat Price Explosion, Not the War in Ukraine | Novara Media

The war in Ukraine and climate breakdown have been blamed for a wheat price surge that threatens mass starvation. The truth is that financial speculation and grain-hoarding are to blame, writes Matteo Tiratelli.

novaramedia.com

 

[Clive]

Unlikely

almost imposible IMO, black sea full of mines and I'm pretty sure Putin would not let that happen without a fight

 

[Highashgrange]

Seems there’s a bit of a panic in the trade. I’m sat on 1000t of group 1 wheat and have taken a call from a large buyer we deal with pretty much begging me to sell. They were very put out when I said I’m sitting on it till the new financial year in October and kind of suggested they won’t be helpful with regards to fert and seed orders. Then they were even further put out when I said I wouldn’t be buying any new seed and have kept half my fert back from this year to run into next as I’m only thinking of planting spring crops for harvest 23.

 

[smallholder99]

That's according to Ukrainian sources.

what are the other sources saying , as there always more than one version of event in any dispute

 

[super major minor]

USA using 15 to 20% ethanol in fuel to keep fuel prices down. A lot of corn

 

[More to life]

USA using 15 to 20% ethanol in fuel to keep fuel prices down. A lot of corn

Still America first.

 

[Will Blackburn]

Still America first.

Not the way I see it, points to, oil is too dear and corn is too cheap.

 

[More to life]

Not the way I see it, points to, oil is too dear and corn is too cheap.

that amounts to the same thing ?

 

[carbonfibre farmer]

Seems there’s a bit of a panic in the trade. I’m sat on 1000t of group 1 wheat and have taken a call from a large buyer we deal with pretty much begging me to sell. They were very put out when I said I’m sitting on it till the new financial year in October and kind of suggested they won’t be helpful with regards to fert and seed orders. Then they were even further put out when I said I wouldn’t be buying any new seed and have kept half my fert back from this year to run into next as I’m only thinking of planting spring crops for harvest 23.

I think that particular trader wouldn't be getting ANY business from me again.

 

[teslacoils]

Petrol or rather motor fuel is price inelastic. Consumption of total motor fuel has been pretty much constant for the last thirty years, COVID lockdown excepted. Price matters very little - folk must have fuel they have no substitutes.

 

[hutchy143211]

Nov 22 seems to have dropped quite a bit from its earlier position. Trading at £327.50/t down £5 from yesterday and £10 down on the peak trading. Anyone any thoughts as to why?

 

[teslacoils]

Nov 22 seems to have dropped quite a bit from its earlier position. Trading at £327.50/t down £5 from yesterday and £10 down on the peak trading. Anyone any thoughts as to why?

No idea. Was almost £5 up this afternoon. Some politician probably said some words.

 

[Dockers]

Markets go up, markets go down !

 

[bobk]

Petrol or rather motor fuel is price inelastic. Consumption of total motor fuel has been pretty much constant for the last thirty years, COVID lockdown excepted. Price matters very little - folk must have fuel they have no substitutes.

Like farmers and fert