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<blockquote data-quote="DrWazzock" data-source="post: 8154796" data-attributes="member: 2119"><p>I think Russia/Ukraine supply restriction is already factored in to prices.</p><p>We are now into demand destruction territory on feed grains.</p><p>Sold a third of my feed grain harvest forward yesterday on the slight rebound at lunchtime. Needed to put a floor in it to cover high input costs. Falling grain prices at/after harvest would be catastrophic for my cashflow and profit. I can’t afford to risk that.</p><p>I can “afford” to gamble the rest though I’ve no idea where it will go.</p><p>As said I think it’s now a global weather issue rather than much to do with Ukraine. Russia will still be supplying its mates around the world anyway which takes the heat out of that aspect.</p><p>I’m not expecting a crash but there could well be a steady wilt to mid 200’s if there are no weather issues.</p></blockquote><p></p>
[QUOTE="DrWazzock, post: 8154796, member: 2119"] I think Russia/Ukraine supply restriction is already factored in to prices. We are now into demand destruction territory on feed grains. Sold a third of my feed grain harvest forward yesterday on the slight rebound at lunchtime. Needed to put a floor in it to cover high input costs. Falling grain prices at/after harvest would be catastrophic for my cashflow and profit. I can’t afford to risk that. I can “afford” to gamble the rest though I’ve no idea where it will go. As said I think it’s now a global weather issue rather than much to do with Ukraine. Russia will still be supplying its mates around the world anyway which takes the heat out of that aspect. I’m not expecting a crash but there could well be a steady wilt to mid 200’s if there are no weather issues. [/QUOTE]
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