Thoughts about Ukraine?

[hollohas]

We're obviously worried about gas prices and reduction in supply due to Russian oil exports being hit. Which is valid. But there's another major issue.

Wheat.

Russia is the world's biggest wheat exporter in front of the US. Ukraine is the 5th biggest. Russia and Ukraine together account for 29% of global wheat exports. Together, they more than double US wheat exports.

That's basically going to go away during this war.

Now, China is saying their winter wheat crop is the worst on record. Down 20%. China isn't a wheat exporter, but their reduced domestic production is going to increase demand on wheat exports from other countries.

A global wheat shortage is coming and it's going to cause major problems. Not good.

[clodhopper]

We're obviously worried about gas prices and reduction in supply due to Russian oil exports being hit. Which is valid. But there's another major issue.

Wheat.

Russia is the world's biggest wheat exporter in front of the US. Ukraine is the 5th biggest. Russia and Ukraine together account for 29% of global wheat exports. Together, they more than double US wheat exports.

That's basically going to go away during this war.

Now, China is saying their winter wheat crop is the worst on record. Down 20%. China isn't a wheat exporter, but their reduced domestic production is going to increase demand on wheat exports from other countries.

A global wheat shortage is coming and it's going to cause major problems. Not good.

If the price spikes, many US farms will switch to growing wheat to chase the profits. Likely a one season/year issue. But that one will be tough.

[Aloha_Shooter]

If the price spikes, many US farms will switch to growing wheat to chase the profits. Likely a one season/year issue. But that one will be tough.

That's not something they do overnight. It will take a minimum of a full growing season to take advantage of the situation. Farmers who know what's happening may be able to change their plans for spring planting but I suspect many of them won't because their fields aren't set up for wheat and many of them already have contracts in place for specific produce.

[clodhopper]

That's not something they do overnight. It will take a minimum of a full growing season to take advantage of the situation. Farmers who know what's happening may be able to change their plans for spring planting but I suspect many of them won't because their fields aren't set up for wheat and many of them already have contracts in place for specific produce.

As I said, at most a one year issue. There are some that would normally need to already have it in the ground to make harvest. Others will seed later and still can make a switch. If the price spike is high enough, we would see lesser value crops turned under to reseed wheat if the grow season permits. Capitalism is an amazing thing when it comes to solving shortages.

[whitewalrus]

We're obviously worried about gas prices and reduction in supply due to Russian oil exports being hit. Which is valid. But there's another major issue.

Wheat.

Russia is the world's biggest wheat exporter in front of the US. Ukraine is the 5th biggest. Russia and Ukraine together account for 29% of global wheat exports. Together, they more than double US wheat exports.

That's basically going to go away during this war.

Now, China is saying their winter wheat crop is the worst on record. Down 20%. China isn't a wheat exporter, but their reduced domestic production is going to increase demand on wheat exports from other countries.

A global wheat shortage is coming and it's going to cause major problems. Not good.

Time to go gluten free. There is going to be quite a lot of fallout from Russia getting shut off from the rest of the world. They also export timber and other cereal crops aside from wheat.

Oil market just jumped first. Others will be moving as well.


Sent from my iPhone using Tapatalk

[bellavite1]

We're obviously worried about gas prices and reduction in supply due to Russian oil exports being hit. Which is valid. But there's another major issue.

Wheat.

Russia is the world's biggest wheat exporter in front of the US. Ukraine is the 5th biggest. Russia and Ukraine together account for 29% of global wheat exports. Together, they more than double US wheat exports.

That's basically going to go away during this war.

Now, China is saying their winter wheat crop is the worst on record. Down 20%. China isn't a wheat exporter, but their reduced domestic production is going to increase demand on wheat exports from other countries.

A global wheat shortage is coming and it's going to cause major problems. Not good.

WHAT ABOUT THE PIZZA?
WHAT ABOUT THE PASTA?
MAMMA MIA!!!