iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,010 Blog Posts

Wheat Prices Soar After Indian Bans Exports

The theme is: deglobalization.

Due to the war and scarcity, nations more and more will begin to prioritize their supplies, with exception to the United States who could give a fuck about its own people. The rueful dollar is all that matters here and if it means more people grow poor because of it, so be it.

Before this export ban, India was expected to export 10 million tonnes of wheat. This quite literally was the world’s only hope at resolving the wheat shortages to come, due to drought and war, as India is the #2 producer of wheat world wide.

Wheat is up more than 5% for the day. I’d fix my attention on ag stocks, particularly any company who helps increase the yield on crops, such as any potash play.

Worst come to worst, we can always eat the bugs.

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6 comments

  1. Mr. Cain Thaler
    Mr. Cain Thaler

    Nows the time when you need to start scoping out which of your neighbors make good a alliance versus which make a good meal.

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  2. Cricket

    Celiacs won’t worry too much. Wheat can interfere with the gut’s ability to absorb nutrients, especially iron. Wheat is saturated with goodness such as glyphosate-laden Roundup. In the UK they flood the crop with RoundUp a few days before harvest because it increases the yield (stops the desiccation of the grains or some such thing). I understand that American wheat could be treated the same way.

    Eat oats. Much better.

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    • roguewave

      oats are loaded w roundup too. It’s used as a desiccant. Organic is better but still has some from the rain.
      per a Dr, all should take 1/4 tsp glycine 2x /day. It lessens absorption of roundup, which is carcinogenic. In fact the manufacturer paid a $10B settlement, NDA’d victims, admitted no wrongdoing, and continues to sell and use as before.
      Listen to what the protectors of the public had to say: crickets, cha ching

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  3. tha pirate

    There are LEGAL American citizens who can’t afford gas and can’t find formula for their babies – but yeah, lets send the formula to the southern border and another 40,000,000,000 (on top of the missing billions already sent, the 85 billion left for the Taliban in Afghanistan and the billions being given away to Iran) to Ukraine to be launder – er, I mean to help the fight for FREEDOM.. Hurrah!

    Is ANYONE dumb enough to buy into the Brandon/Obama 2.0 administrations bullshit?

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  4. the_wolf

    Pirate has nailed it,
    I’m gonna talk to jack sparrow about joining

    Energy and Ag for the win

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  5. ezthere

    Jockstraps!

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