A Choice Between The Best and The Worst of Times of the grain markets

Wheat prices have risen to at least a 14-year high as a result of the ongoing Ukrainian turmoil. 25 to 35 percent of all the wheat gets supplied from Ukraine and Russia.

FREMONT, CA: This week, the grain markets saw some of their biggest weekly advances in history. For the week ending March 4, May corn prices were up nearly USD 1 and December corn prices were up 48 cents. Soybean prices increased by 76 percent in May and by 36 percent in November. While those increases are impressive, the wheat market provided the most excitement. Wheat prices in Kansas City were up roughly USD 3 this week, Chicago wheat prices were up to USD 3.50, and wheat prices in Minneapolis were up close to USD 2.

Wheat prices have risen to at least a 14-year high as a result of the ongoing Ukrainian turmoil. 25 to 35 percent of all the wheat gets supplied from Ukraine and Russia. If these exportable supplies disappear, some people would go without and people in Ukraine are not planting crops anymore as anybody who is 18 to 60 years old is carrying a gun. Furthermore, Russia exports two-thirds of all fertilisers, which has worldwide consequences for the spring planting season around the world.

While grain markets were significantly higher this week, feeder cattle, live cattle, and hog prices all fell by several dollars. If the grain producers are making a profit is the question of the hour. Also, if things get too pricey, they would not be able to earn a profit and would refrain from purchasing thereafter. He believes that determining whether the livestock business is experiencing demand decline or annihilation will be crucial in the future.

USDA released its monthly World Agricultural Supply and Demand Estimates and Crop Production reports on March 9. According to Gulke, the following are some of the most common trade predictions for the reports: Corn ending stocks were estimated to be 1.466 billion bushels, down 74 million bushels from the February report. Soybean ending stocks are expected to be 279 million bushels, down 46 million bushels from February. Brazilian soybean production is expected to be about 129 million metric tonnes (MMT), down around 5 MMTs from February projections, and Argentine soybean production is expected to be around 43 MMTs, down 2 MMTs.