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Russia-Ukraine, Rain Days, Market Data, Broiler Hatchery 02/24/2022

Russia-Ukraine


From now on we will live in a new reality, the Russian economy will be damaged, diplomatic and trade relations with the West will be destroyed, and it looks like Russian resources will now go to China. God knows what will be happening with the world global market and prices. We can only wait and watch.

Ukraine has been completely disconnected from the power systems of the Russian Federation and Belarus; Ukraine is working "offline mode".

The website of the Cabinet of Ministers of Ukraine has been hacked.

Lithuania and Moldova declare a state of emergency.

USA has turned off Russia from SWIFT bank identification system.

The Moscow Stock Exchange has halted trading after losing 35%.

The Dow Jones futures are sharply lower. The New York stock exchange opens at 9:30 New York time.

Ocean shipping has stopped in the Azov Sea, which is the part of the Black Sea bordering Ukraine's southeast coast.

It is reasonable to expect all Ukrainian ports will be barred from exports. That shuts off the most of the Black Sea grain.

Russia and China have been buddying up ever since Biden won the election. The next move to reasonably expect is China to move on Taiwan.

Do not forget 30 plus percent of the natural gas used in Europe comes from Russia. Will they truly sanction Russia?

Don't be selling anything until we get more clarity.

 

Daily Limits


The most a commodity's price can move in one day, up or down, is the daily trading limit.


If a commodity settles limit up or down, the next trading day has expanded limits.


Daily Trading Limits:


Corn 35 cents (expanded 55 cents)

Soybeans 90 cents (expanded $1.35)

Minneapolis Wheat 60 cents (expanded NA)

KC Wheat 50 cents (expanded 75 cents)

Chicago Wheat 50-cents (expanded 75 cents)


As long as any commodity is limit-up, we do not recommend selling any of the commodities.

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