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Friday, March 25, 2022

Wheat prices soar on Ukraine fears, but U.S. growers can't cash in

CHICAGO (Reuters) - After Russia's invasion of Ukraine sent global wheat futures soaring, U.S. farmer Vance Ehmke was eager to sell his grain. 

Local prices shot up roughly 30% to nearly $12 a bushel, about the highest Ehmke could recall in 45 years of farming near the western Kansas town of Healy.

Instead of reaping a windfall, Ehmke found a commodities market turned upside down. He and his wife Louise told Reuters they couldn't sell a nickel of their upcoming summer wheat harvest for future delivery. Futures prices for corn and wheat had rocketed so abruptly that many along the complex chain of grain handling - local farm cooperatives, grain elevators, flour millers and exporters - stopped buying for fear they couldn't resell at a profit.
-WiscoDave

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And it just ain't bread prices that will be affected. Check this out:

20 Common Foods Containing Wheat

Wheat is an annual grass and is one of the top three crops grown all over the world. There are many common foods on the market which contain wheat because it is very nutritious and has many uses. But many are allergic to it because it contains gluten. Gluten is made up of the sticky proteins that act as a binder in foods. It is difficult to find foods that do not contain some form wheat, especially if they have been packaged. Here is a list of 20 common foods that contain wheat.
-Doc

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Yup, the price of your after-work beer is going to go up too.

14 comments:

  1. We need to move away from the wheat fuel economy. The greedy big wheat lobby is to be blamed. We propose an air-based economy in our to protect mother Gaia and keep our cherished freedoms. We have less than 12 years to make the change or everything will DIE!!1

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  2. I've got enough malt, wheat and rice to make near 200gal of beer. Not saying it'll all taste good, but I can make it.
    But at least 60gal of it will be of premium brew pub 6% or higher stuff folks beg for.

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  3. Oh, and The Licorice Guy already jacked his prices up for the next month. You have until the 31st to get your order in before the price goes up.

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  4. BEER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!NOOOOOOOOOOOOOOOOOOOOOOOOOO!

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  5. Frozen pizzas already in short supply in grocery stores. Also hard to find: Pillsbury Dough Boy's rolls and biscuits.

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  6. Does anyone think this wasn't planned? I managed to get 3/4 of a ton of oats cheap and also have some corn and milo stored.
    I expect the donks to give Joe and the Ho the old heave ho anytime soon. Don't expect anything to change though, this is the outcome they wanted and they will hustle us for a decade about why they can't fix it.

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  7. I was pointing these things out last fall when the Alberta wheat crop went tango uniform from drought. the Kellogs rep here in January was very informative about supplies of various grains getting very low at the production plant grain storage elevators. told us to stock up on stuff we liked and package it in vacuum packs for long term. not a bad idea even if it's a scam. unfortunately, I don't see it as a scam...

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  8. Its not that the beer, pizza, food, etc. became more expensive (the Tonys pizza is still the same Tonys pizza), its that the dollar became worth less.
    A gallon of milk is still 1 u.s. gallon of liquid cow... but it takes more dollars to buy one today than it did before. The milk didn't change, the dollar did.

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  9. Just bought another 75 pounds of Einkorn wheat berries. That makes ~300 pounds. We use, at most 5 pounds every 2 weeks, usually less so maybe 3 years. Buying store bread is crazy, it's not real bread and "artisan" bread, that is bread with whole grain is $8-10/loaf around here now, more for fancy stuff like cranberry/walnut. That's ridiculous.

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  10. Mystery to me but ask yourself. Why is it that wheat in any of it's forms have sustained civilizations for thousands of years with no problems. But now, within the last 8 years, everybody is allergic to gluten the basic that keeps wheat together? Wheat has not changed. Guess there's just nothing else to quite like wheat to get your panties in a wad over. Or is that people have just gotten so funky dumb it's indescribable. I'm voting for the dumb part. Want proof. Just try passing an 1895 8th grade test. Go ahead, I dare ya. What a bunch of pussified wankers the worlds population has become.

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  11. Actually wheat has changed. Genectically modified wheat is much different then the wheat from a 1,000 years ago. I'm not going to get into the weeds here and I have a lot of current wheat berries but most of the wheat I use for bread is einkorn. Taste wise slightly better but nutrition wise, it's way ahead. Do your own research.

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  12. Repeat after me: "The price of X didn't 'shoot up', the value of the dollar is dropping significantly".

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