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Ukrainian farmers are destroying their own harvest equipment to prevent the Russian army from confiscating them and their unharvested crops. Dan Basse, president of agricultural industry research [...]
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Across Ukraine’s farm belt, silos are bursting with 15 million tonnes of corn from last year’s autumn harvest, most of which should have been hitting world markets. The stockpiles — about half the corn Ukraine had been expected to export for the season — have become increasingly difficult to get to buyers, providing a glimpse into the turmoil Russia’s war has wrought in the approximately US$120 billion global grains trade. Gummed up by supply chain bottlenecks, skyrocketing freight rates and extreme weather events, markets are bracing for more upheavals as deliveries from Ukraine an...
Bloomberg writers James Poole, Megan Durisin, and Kim Chipman reported earlier today that, "Wheat futures in Chicago extended their climb from the lowest close in a month on Friday on prospects for more sanctions on Russia in response to allegations of war crimes in Ukraine."
By Megan Durisin, Pratik Parija and Irina Anghel (Bloomberg) — Across Ukraine’s farm belt, silos are bursting with 15 million tons of corn from the autumn harvest, most of which should have been hitting world markets. The stockpiles...