World has just ten weeks' worth of wheat left after Ukraine war True or False

Anyone would think Ukraine, until recent years no one had even heard of it, is the centre of the universe for all food, semi-conductor chips and no doubt anything else the media can dream up to make us all think we are headed for ultimate doom! Same lot who tortured us all over the pandemic.

Who really believes this crap? Why all the doom porn LOL comment section is hilarious.

www.telegraph.co.uk...

The world has just 10 weeks' worth of wheat stockpiled after Vladimir Putin's invasion of Ukraine disrupted supplies from the "breadbasket of Europe".

The UN has been warned that global wheat inventories have fallen to their lowest level since 2008 as food supplies are rocked by a “one-in-a-generation occurrence”.

Official government estimates put world wheat inventories at 33pc of annual consumption, but stocks may have slumped to as low as 20pc, according to agricultural data firm Gro Intelligence. It estimates that there are only 10 weeks of global wheat supply left in stockpiles.

Russia and Ukraine account for around a quarter of the world’s wheat exports and the West fears Mr Putin is trying to weaponise food supplies. Russia is on track for a strong wheat harvest this year, cementing Mr Putin’s control over the staple grain as bad weather spoils production in Europe and the US.

TrueFalse

According to the stocks I own in wheat…..false.

a reply to: putnam6

a reply to: putnam6

russia and ukriane are in the top 10 countries that grow and export wheat.

China is number 1



i say false

a reply to: Athetos

False ( at least where i live )
Also it is a time to sow and later harvest, if that what you say is told somewhere it is clearly propaganda lol.

originally posted by: Athetos
According to the stocks I own in wheat…..false.

a reply to: putnam6

LOL well, you could see a rise in stock price but to portray this as 10 weeks till the "world" is out of wheat is indeed false. There isn't a lot of concern in the financial sector about wheat it seems.

www.fxstreet.com...

Fundamental analysis of commodities – Wheat
USDA reduced its forecast for the global wheat crop for the 2022/2023 season. Will the WHEAT quotes continue to rise?

USDA cut the forecast for the global wheat harvest in the 2022/2023 agricultural season by 4.5 million tons compared to the 2021/2022 season. Now it should be at least 774.8 million tons. World reserves will decrease more significantly - by 12.7 million tons. This will be supported by strong global demand, estimated at 787.5 million tones. The maximum decrease in the harvest is predicted in Ukraine, by more than a third or by 11.5 million tons - up to 21.5 million tons. Wheat production in Australia may decrease by 6.3 million tons and amount to 30 million tons. An additional positive for the quotes may be the risks of new anti-Russian sanctions. According to the USDA forecast, in the 2022/2023 season, Russia will retain the 1st place in world wheat exports and supply 39 million tons to other countries. This is 18.2% more than in the 2021/2022 season. It is obvious that the reduction of this volume for any reason can increase grain prices on world markets. In general, it can be noted that for the necessary balance of supply and demand, the USDA expects an increase in world wheat exports in the 2022/2023 season by 3.7 million tons compared to the previous season, contrary to the projected decrease in the global crop.

a reply to: putnam6

You Can Blame the Biden admin and the EU for the sanctions against Russia. Russia is the largest producer and exporter of wheat and other farming products.

Russia is 16% when it comes to agriculture trade.

Yea the world isn’t running out of wheat anytime soon. It’s a pretty wet season so far where I live. Wheat isn’t expected to amazing but that doesn’t mean it’s not gunna grow.

Wheat is at a all time high it’s true but if we are going to run out I would think my shares would be sky rocketing which….they are not they are growing down actually this week.


a reply to: putnam6

a reply to: putnam6

It's definitely taken a hit.

There was some drought that effected Canada, the US, China and a few others. Nothing crazy, but enough to put a dent in the output there.

No one wants to buy Russian, Ukraine obviously is out of the mix, at least to a decent extent for the east... And Russia is the number one exporter of fertilizer in the world.

Whether or not we actually see a shortage or outage is debatable.... Measurable price increases though seem inevitable.

I remember back in 2008 we saw non staple food items take a price increase due to global food chain pressures. Things like beer saw quite the hike in lieu of bread or other staple foods. wiki food crisis 2007-08

a reply to: BernnieJGato

I wouldn't call China the biggest wheat producer in the world not sure where that user on YT got his data from.

russia and ukriane are in the top 10 countries that grow and export wheat

They are far in the top 1 not China. China doesn't produce as much export wheat as Russia or Ukraine.... Majority of the quality of wheat that Europe has comes from Ukraine, Russia.

a reply to: putnam6

False.

Nearly every country has some sort of grain industry.

But some people in Russia and Central Europe might have shortages.

a reply to: vNex92

it doesn't matter what you would call them.

if you don't like the world statics video, try this one.

notice when you do that china is ahead russia is not number one. i can keep pullin em up all day.

Leading wheat producers worldwide from 2016/2017 to 2021/22

a reply to: BernnieJGato

When it comes to quality its Russia and Ukraine..

a reply to: chr0naut

But some people in Russia and Central Europe might have shortages.

Unfortunately it would be Europe that would have issues with shortages this isn't the same Russia when it had been with the soviet union without a grain industry, agriculture.


As for Western Eupore they might have issues, Italy, Spain don't have a huge wheat industry as they did in the past.

if you said false like I did, then how correct is this guy's take.


thesecondangle.com...

Under the Wheat Open Market Sale Scheme, the central government used to buy wheat from farmers and sell it to big traders on the open market. Because of this sale, the prices of wheat, flour, maida, and other grains remain stable throughout the year. This year that too has been banned. Not only this, but the central government has also asked big traders not to wait for this scheme. That is, the government has no intention to buy from farmers in the near future and sell it in the open market. Private players have been granted the freedom to buy and export on their own.

Why does this happen?
This is not the first time this has happened. This is known as black marketing. These are various techniques of creating scarcity by limiting the supply of something in the market, and when the price suddenly rises owing to less supply and more demand, profit is earned by supplying at a higher price. Last year, one of the three agricultural laws that farmers were protesting permitted private dealers to stockpile enormous amounts of grain. If it had been adopted, there would have been no need for foreign exports, and demand could have been created by storing it in the country itself.

The formula is simple and clear:

Produce in excess ⇾ Hand over the reins to private players ⇾ Create artificial and artificial shortages of the same commodity (by disrupting supply/export) ⇾ Crying about “shortage” until it becomes a crisis ⇾ exploit opportunity in crisis.

Big businessmen have been doing this in the past as well. Talking about the last few months, the biggest examples of this come out in the form of vaccines and coal. Now wheat is the new source… what next?

How will it affect the general public?
If the effect continues, flour prices will soar. In the month of April, the average price of flour across the country stood at Rs 32.38 per kg, which is a record. It is nearly 10% more expensive than the previous year. When the wheat stock is depleted and wheat and flour costs are out of reach for the average citizen, the same government’s sympathetic traders will import foreign wheat and profit handsomely.

a reply to: putnam6


7 days ago russian teevee started claiming that the U.S. was going to collapse in 5 days as a result of Ukrainian aid.

Seriously.

They had graphics and experts, and blasted the segment hourly on russian teevee for several days.




That was several weeks after claiming that Poland was going invade Ukraine in 2 weeks.

Seriously, russian teevee even blasted faked paper copies of the supposed Polish invasion orders for a couple weeks.




Why does anyone believe russia about anything?

Or better yet, when was the last time anyone recalls russia being honest about anything?

Seems a global economy where countries are reliant on others for basic stuff isn’t great in times of crisis.

Who knew? Couldn’t see that one coming.

I know that is unavoidable in many cases, but in this case it was pursued from the pure, unfiltered greed & avarice of a tiny minority. The rest of us will suffer so they can watch their account numbers tick up.

is it that bad... probably not, is it bad though yes.

You dont remove a major play in exporting Ag then a lot of people in third world heck holes are going to suffer.

a reply to: putnam6


How many wheat harvests do those so called 'experts' think russia has destroyed?

Doesn't that make them 'russian propagandists'?



The only grains missing from the global markets so far is what russia stole from Ukraine and sold to ccp at fire sale prices to pay russia's bill for the month.

ccp didn't destroy that stolen merchandise, they plan on using it to feed their population, meaning that china will be importing less grains from other sources.

a reply to: putnam6

It really depends on what part of the world you live in. Africa and the Middle East will likely feel it the most.

originally posted by: Irishhaf
is it that bad... probably not, is it bad though yes.

You dont remove a major play in exporting Ag then a lot of people in third world heck holes are going to suffer.

Yes but isn't there another huge wheat harvest in oh about 10 weeks or so

news.yahoo.com...

Total U.S. white winter wheat production is forecast at 230 million bushels, up 38% from 2021, with 15.7 bushels of hard white wheat and 214 million bushels of soft white wheat. Total hard red winter wheat production for 2022 is estimated to reach 590 million bushels, down 21% from 2021, while soft red winter wheat is forecast to come in at 354 million bushels, down 2% from 2021, according to the NASS report.