Re: less demand....putin stops all u.s. ag imports
Ate supper with a friend we hire from Ukraine. He said a ban on imports of food hurts Russian people a lot. They have many poor and any rise in price or shortage hurts.
Keep in mind .......
....... this also means more expensive and/or lower quality chickens (or no chickens) for the Russian consumer.
Leaders have been overthrown over chickens (or the protein of choice) when they disappear from the market.
Re: Keep in mind .......
Nearly a 20 cent rally in wheat yesterday, with some commentators saying it was because of the Russian import restrictions. How is the Putin ban on imports of food bullish for wheat? I cannot see it. Perhaps the sitation over there could lead to disruption in trade, but I can't see the import ban by itself being positive for prices.