The Grains; $8 Beans & $2 Corn is all but a foregone conclusion

4 août 2023

If inflation exists at all but in the playbook of vested interests, to maintain sky-high prices in the grains will require much more than just the reliance on the traditionally levity-laden relationship of the mainstream media with the facts.
The fact remains that the world has been in a food production overdrive for many moons by now.
Even a makeshift operatic war, like the Ukraine conflict, could not alter this fact. Au contraire!
The region's, collectively denoted as: "The Ukraine" (and only referred to as a "country" by the historically lesser versed), 6 Million square kilometer, top-flight, black soil now under US corporate ownership, that additional 13% of global grain production will - as it already does! - enjoy far more aggressive global "marketing" (i.e., push), backed by US know-how and vested interests. After all, that is what this whole charade was all about, from the beginning. (US gets the growing areas, the Russian Federation keeps the already occupied, eastern industrial belt - with peace proposals long prepared and on the table, by both parties. The only problem remaining now is how to declare "a winner"? - And that, being by far the most complicated part of that whole undertaking, could take a few more years - including, what to do with that pesky, remaining ~20 million, out of 50 million, inhabitants?)

Corn's outlook goes hand-in-hand with that of Soy Beans;


Wheat, as it is standard, has been well ahead in doing the collapso;

5 août 2023

Commentaire

Who owns or controls the majority of Ukraine's arable land?

Over 28% (9 million hectares) is owned by Monsanto (now part of Bayer), the sovereign fund of Saudi Arabia, NHC capital (US private equity), Kopernik, BNP, Vanguard, the European Bank for Reconstruction and Development and the World Bank.
The remainder are in the hands of various oligarchs who are fully indebted to Western banks and through those to US pension funds.

The new ownership changes became possible due to Zelenskyy's 2020 "land reform law" which was staunchly opposed by Ukrainian academics, farmers and by the general population. The 2020 land reform law created a "mandatory land market" which enabled western interests to consolidate ever larger chunks of Ukrainian farm land in ever fewer (foreign) hands.

In addition, the EU has recently past a mandate to disallow the inspection or labeling of all Ukrainian food products (including grains) regarding their origin or content - "in order to support Ukraine's war effort".

In short, after cutting off Europe from cheap Russian energy sources and making it fully energy dependent on US interests, Europe's food dependency now also seems a fait accompli. (The 3 basic needs of humans being; Food, shelter, energy; "2 out of 3 ain't bad!". One just wonders what are US plans regarding the buildings and other physical structures, currently still on European soil. A) Take them apart and transport them to America, brick by brick or B) A better solution might be just to fence off the place and start selling tickets to it as a Jurrasic Park.)

p.s. While ever more peoples appear to hope for US imperial, hegemonic power to ebb, due to internal strife or other hurdles to US interests nevertheless, it also appears that the Empire marches on just fine, if anything, gaining it's stride in the process.

7 sept. 2023

Commentaire

ZC

Corn looks like it's on a very long round trip to nowhere.
If lucky, there is a chance for a brief rally here for a massive Short Entry. (~5.90?)

9 sept. 2023

Commentaire

"Global food prices are down to 2 year lows."
twitter.com/Barchart/status/1700312428775350311
Again, what inflation ?? ...

BTW, Wheat is also more bearish than ever, across the board!