Advisory: Be careful of what you read on social media. The algorithms used by these platforms have no regard for Biblical truth. They target your emotions to keep you engaged on their site so their advertisers can drop more ads. These platforms exist to enrich their stockholders. Consider God’s promise to Believers in James 1:5, “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.”
Featured Story
The U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report was released Thursday afternoon and pointed to declining grain supplies that sent grain futures prices higher and will keep food inflation in focus.
The closely watched supply and demand report slashed estimates for corn yields and stockpiles. World inventories for wheat were reported near a five-year low.
Grain and oilseed futures soared to a near-decade high earlier this year but have been in a holding pattern for the last month, awaiting new reports on the outlook for upcoming U.S. harvests. A megadrought and back-to-back heat waves have plagued the corn belt and the U.S. West for much of the summer.
December corn futures were up more than 2% to $5.7150 a bushel on the Chicago Board of Trade, soybean futures popped on the report and are now flat at the end of the U.S. cash session, wheat futures rose more than 3%, hitting a fresh eight-year high.
The Bloomberg Grains Index closed up 1% on the report.
Bloomberg outlines the key takeaways from the August WASDE report:
- DROUGHT BITES: U.S. corn and soybean yields fell below analyst expectations and the declines were largely centered in the drought-stricken northern Plains, where severe drought has withered crops.
- RUSSIA: So goes Russia’s harvest, so goes the wheat market. A large cut in the harvest means a lot less global wheat supplies and Russia’s wheat-export throne as the world’s top shipper is in doubt with the current forecast in line with exports out of the E.U.
- WHEAT PEAK: Benchmark Chicago wheat prices hit the highest levels for a most-active contract since 2013. Corn and soybeans each touched multi-week highs but remain below multi-year peaks from earlier in 2021.
- YOUR MOVE, FUNDS: With the USDA seeming to appease bullish traders with aggressive cuts and dry weather continuing to grip the Plains, an influx of speculative buying could bring the rally in grains, nearly a year-old at this point, to new heights.
- FOOD INFLATION: Of course, with grain and soybean prices elevated for months, the higher costs should start to filter through the supply chain, pointing to higher prices for feed, seed, fertilizer, food and other goods.
This report means that adverse weather conditions are another driver of food inflation that shows no signs of stopping. We noted not too long ago, grocery store prices were expected to rise through the fall. Earlier this week, Tyson Foods Inc. said the surge in raw materials costs would force them to raise food prices in the coming weeks.
NWO is teaching many of the younger generation by subtle means, that the frail, elderly or infirm are useless eaters and to be looked at with disdain. No respect. No love. They promote selfishness and prioritizing your own agenda above all else.
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven Years of Hell on Earth Which Began January 1, 2020
Please Do Not Post Hnewswire Articles on Brighteon, Gab, Parler, FaceBook, Reddit or Twatter Social Media Platform, We Are Not Comfortable With Their Anti-Christian — Anti-American Nazi Philosophy. StevieRay Hansen
I Have Never Seen The Righteous Forsaken or Begging For Rain
Luciferian Death Cult
Mr.Evil, a.k.a Dr.Death ( Dr.Fauci ) agrees with the White House and Biden himself,saying vaccination mandates should be the next step.
Who is to blame? Corrupt politicians or the stupid people who vote for them
FakeBook, Parler Tweeter Gab, and YouTube Are Un-Reliable News Sources
Ask The Blind Man ,He Saw it All
Source: HNewsWire ZeroHedge theepochtimes humansarefree HNewsWire stateofthenation nationalfile principia-scientific offgridsurvival
StevieRay Hansen
Editor, HNewsWire.com
Tagged In
Newsletter
Must Read
Other Sources
Latest News
Parasitic Prostitutes, According to the Watchman There Is a Very Real Risk of Collapse in the Western Banking System
Side Bar SRH: Debt deal passes; McCarthy gets help from Dems; did I not tell you McCarthy is the other side, the UNIPARTY, these are……...
Read MoreWatchman: Daily Devotional,Even Though the People Had Faith in Him, He Did Not Give Them His Word. He Had an Intuitive Grasp of Humanity. Jesus Understood That Men Would Be Self-Absorbed and Treacherous Because the Spirit Had Not Yet Been Poured Out
John 2:23-25 23 Now while he was in Jerusalem at the Passover Feast, many people saw the miraculous signs he was doing and believed in…
Read MoreWatchman: Just Another Plandemic Bill Gates and the Ugly Left, Also Known as Elitists, Are Responsible for This Fake Crisis. Not Only Are Cattle Farts Killing the Planet, They’re Going to Try to Kill 100 Million Cattle Out of “An Abundance of Caution” to Throw U.S.Into a Famine! Is This the Next “Plandemic.? Bird Flu (BS)
By SRH, A Human in Michigan Tested Positive for Highly Pathogenic Avian Influenza, Authorities Announced on May 22. Every mouth that rises against you in…
Read MoreWatchman: America is in Real Trouble; FBI Ready to Use “Deadly Force” During the Mar-A-Lago Raid; They Want Him Dead.Tribulation in Real Time
By SRH, According to just released documents obtained by journalist Julie Kelly, the FBI gave the go-ahead for deadly force during its guns-drawn, pre-dawn assault……...
Read MoreWatchman Daily Devotional: What Is the Biggest Influence You Are Letting Rule Your Life?
1 Kings 21:25 25 There was none who sold himself to do what was evil in the sight of the LORD like Ahab, whom Jezebel…
Read MoreWe make every effort to acknowledge sources used in our news articles. In a few cases, the sources were lost due to a technological glitch. If you believe we have not given sufficient credit for your source material, please contact us, and we will be more than happy to link to your article.