After all is said and done, one thing is maybe clear. If Powell successfully navigates the storms ahead, he will be “hailed”. After all, with all the “disasters” Bernanke “promoted”, he was hailed “The Hero” by The Atlantic and got named “Man of the Year” by time magazine!
Dear Mr Politano, let me draw your attention to your comments regarding Black Sea wheat. Russia and Ukraine account for 30% or world trade, NOT total supply which s much bigger. But this is bad enough as world trade is the dinamic part of the equation. Additionally this region has been the “price fighter” in grain & oilseeds markets over the past 20 years and created a big dependence on many importing countries. This has been to the detriment of other market players like the US, Argentina, Europe and Brasil (oilseeds). Perhaps this was VP’s game plan from the very beginning. Very sad.
Pedro—thanks for the information. I will make an update on the blog to reflect the correct percentages.
I do think this was semi-deliberate strategy on Russia's part, as being a net exporter of so many critical goods has given them significant leverage that would not be afforded to countries with less impact on global markets.
Dear Mr Politano, thanks four you feedback. I suggest you confirm the correct numbers with the outstanding USDA Research Service. Everything that matters in grains & oilseeds is covered there. At least you get a portion of your taxes back 😄
After all is said and done, one thing is maybe clear. If Powell successfully navigates the storms ahead, he will be “hailed”. After all, with all the “disasters” Bernanke “promoted”, he was hailed “The Hero” by The Atlantic and got named “Man of the Year” by time magazine!
https://marcusnunes.substack.com/p/the-fed-and-war?s=w
Dear Mr Politano, let me draw your attention to your comments regarding Black Sea wheat. Russia and Ukraine account for 30% or world trade, NOT total supply which s much bigger. But this is bad enough as world trade is the dinamic part of the equation. Additionally this region has been the “price fighter” in grain & oilseeds markets over the past 20 years and created a big dependence on many importing countries. This has been to the detriment of other market players like the US, Argentina, Europe and Brasil (oilseeds). Perhaps this was VP’s game plan from the very beginning. Very sad.
Suscriber Pedro Rodriguez
Pedro—thanks for the information. I will make an update on the blog to reflect the correct percentages.
I do think this was semi-deliberate strategy on Russia's part, as being a net exporter of so many critical goods has given them significant leverage that would not be afforded to countries with less impact on global markets.
Dear Mr Politano, thanks four you feedback. I suggest you confirm the correct numbers with the outstanding USDA Research Service. Everything that matters in grains & oilseeds is covered there. At least you get a portion of your taxes back 😄