Saturday, July 16, 2022

"Russia Holds Back Wheat"? Nope.

The Ukraine's propaganda mills have been 'reporting' that Russia is preventing wheat exports/shipments.

Bloomberg disagrees, and so does Business Recorder.

In fact, Recorder has this:

 ...Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine’s grain exports, Turkish Defence Minister Hulusi Akar said after the talks...

That led to a sharp drop in wheat-futures prices at CBOE, to the tune of 8% or so.

Keep your eyes on the futures markets....


No comments:

Post a Comment