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Russia invades Ukraine

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andylicious

andylicious

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Binman4OSU said:
https://twitter.com/business/status/1531647170973155330?t=qqojw4bxZ-Z9oMFvT4Y-6g&s=19
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Let's be clear here, Ukraine's wheat is being sold on the world market but its Russia selling it after they stole it. The communistic UN is buying the stuff and selling it knowing it's stolen goods. The MFs have cratered the wheat price and are bragging about it.
 
T

teachum

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andylicious said:
Let's be clear here, Ukraine's wheat is being sold on the world market but its Russia selling it after they stole it. The communistic UN is buying the stuff and selling it knowing it's stolen goods. The MFs have cratered the wheat price and are bragging about it.
Click to expand...
So can you explain this a little more?? Are you saying Ukraine was still sitting on a bunch of last year's harvest?? Seems that would have already been sold and shipped abroad before all this started, but I really don't understand the market, and I know you do.
 
SLVRBK

SLVRBK

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teachum said:
So can you explain this a little more?? Are you saying Ukraine was still sitting on a bunch of last year's harvest?? Seems that would have already been sold and shipped abroad before all this started, but I really don't understand the market, and I know you do.
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My understanding, not nearly what @andylicious and others have, is Russia has been attacking/destroying/stealing winter wheat storage. Russia is preventing ships carrying goods for exiting the Black Sea. Russia is loading their own cargo ships with the stolen grain. Russia is doing this in an attempt to have sanctions reduced.

https://www.reuters.com/world/exclu...ukraine-grain-storage-us-official-2022-04-01/
 
andylicious

andylicious

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SLVRBK said:
My understanding, not nearly what @andylicious and others have, is Russia has been attacking/destroying/stealing winter wheat storage. Russia is preventing ships carrying goods for exiting the Black Sea. Russia is loading their own cargo ships with the stolen grain. Russia is doing this in an attempt to have sanctions reduced.

https://www.reuters.com/world/exclu...ukraine-grain-storage-us-official-2022-04-01/
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Your understanding is correct. Russia showed up with an extra 32,000,000 last week. There was discussion today the UN is planning to buy it. There's no doubt it's Ukranian wheat
 
andylicious

andylicious

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teachum said:
So can you explain this a little more?? Are you saying Ukraine was still sitting on a bunch of last year's harvest?? Seems that would have already been sold and shipped abroad before all this started, but I really don't understand the market, and I know you do.
Click to expand...
You don't sell the whole crop, especially when you have the on farm storage they have. Their port elevators would have had quite a bit of grain from when this mess began.
 
Binman4OSU

Binman4OSU

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I'm sure some of these numbers are inflated since it is the Ukraine Military reporting this, but there is a bunch of truth in these numbers too
https://twitter.com/KyivIndependent/status/1537744130817802240
 
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