1/3 of global wheat supplies rerouted from western markets to china ...

[livingston]

Merchant ships hit by missiles; Grain/fert exports STOP in Ukraine/Russia​

Ukraine & Russia grains--30% of world global exports--are no longer moving as three merchant ships have been hit by missiles in the Black Sea, including one chartered by Cargill to move grains. Brazil is frantic after fertilizer imports from Russia are threatened. The global food trade is coming to a screeching halt and food prices are exploding even further as the conflict escalates. Christian breaks down the developments from just the last 48 hours in this Ice Age Farmer special report.

 

[livingston]

Cargill says a ship it chartered was hit in Ukrainian waters in the Black Sea

The vessel is currently sailing south to Romanian waters to receive assistance, the U.S. agricultural trading giant said.

fortune.com

A ship chartered by Cargill Inc. was hit while sailing in Ukrainian waters in the Black Sea and is currently sailing south to Romanian waters to receive assistance, the U.S. agricultural trading giant said.

Two more ships hit in the Black Sea​

Another two ships have been hit by missiles in the Black Sea: the Moldova-flagged chemical tanker Millennial Spirit and the Panama-flagged bulk carrier Namura Queen.

Two more ships hit in the Black Sea - Splash247

Another two ships have been hit by missiles in the Black Sea: the Moldova-flagged chemical tanker Millennial Spirit and the Panama-flagged bulk carrier Namura Queen. The 1974-built Millennial Spirit, formerly Freyja, was fired upon by a Russian Navy ship 12 nautical miles south of Ukraine’s...

splash247.com

 

[livingston]

• Wheat and soybean futures soared to nine-year highs Wednesday amid Russia’s incursion into Ukraine, which declared a state of emergency, and the potential disruption that may have on wheat and energy exports from the Black Sea region. Soybean futures were further supported by dryness in South America, as were corn futures that rose to the highest levels since last July. Nearly all ag futures posted life-of-contract highs. March corn gained 9¢ to close at $6.83¾ a bu. Chicago March wheat soared 31¾¢ to close at $8.76 bu. Kansas City March also surged 31¾¢ to close at $9.13½ a bu. Minneapolis March wheat advanced 15¼¢ to close at $10.01 a bu. March soybeans leapt 40¢, closing at $16.75 a bu. March soybean meal advanced $17.40 to close at $471.10 per ton. March soybean oil gained 0.57¢ to settle at 70.72¢ a lb.
• 
  
  

  Wheat futures closed higher, corn and soy complex lower

  Recap for October 7 Wheat futures were mixed Thursday, with winter wheat mostly lower on concerns US exporters will struggle to compete with overseas suppliers, but a shortage of high-protein hard red spring wheat boosted spring wheat futures. Corn futures hit a one-week low in early trading...

  www.foodbusinessnews.net

 

[Celt]

Thanks SleepyJoe, you fucking asshole!

 

[Saltwater60]

This is just great. Biden is a complete and utter failure.
mu kids going to college and this inflation isn’t helping. FUJB.