What's going on with wheat?

[sea2summit]

Just fear or is there a bad forecast for this year?

 

[Snobdds]

Pain ahead...

 

[kenmbz]

Don't we usually ship huge amounts of wheat to that R country?

 

[Vernorz]

Ukraine is a very large wheat producer. I expect the demand in other parts of the world will be pretty high and the U.S. will be exporting quite a bit of wheat this year as a result.

 

[MapleLeafFarmer]

Russia is the worlds largest wheat exporter.
Ukraine is the worlds 5th largest exporter.

Combined they export 2X as much as the USA does..... 34% of the worlds exports !!!

if war continues and financial sanctions increase and/or Russia takes over the independent country of the Ukraine, N.A. wheat farmers will make out like gangbusters with higher world prices. Consumers will have to pay more.

 

[sea2summit]

Russia is the worlds largest wheat exporter.
Ukraine is the worlds 5th largest exporter.

Combined they export 2X as much as the USA does..... if war continues and financial sanctions increase farmers will make out like gangbusters with higher world prices.

Ouch. That would do it.

 

[5030]

Dang, there goes the price of my Wheaties...

 

[5030]

Pain ahead...

From what I can see, the pain is already here. Just gonna get worse.

 

[Torvy]

Ukraine is a very large wheat producer. I expect the demand in other parts of the world will be pretty high and the U.S. will be exporting quite a bit of wheat this year as a result.

It will not change demand, but supply will be significantly lower. The good news is that farmers who plant spring wheat in the US and other countries may still have time to plant more acres...and/or other farmers may be able to plant wheat instead of something else. (Lots of variables though)

 

[RSKY]

Farmers planting more wheat will mean less ground planted in corn and more ground with beans following the wheat. This is gonna screw up ALL the markets for a couple years. Fortunes will be made and lost gambling on the futures market.

RSKY