Grains 02 (Jan 14 - Dec 26)

[winston]

US farmers going defensive, preferring soybean over corn
Soybean requires less fertilizer, less outlay

High fertilizer cost appears to have induced US farmers to take a more defensive approach in this spring planting season by opting to plant more soybean compared to corn.

US soybean/ SBO prices were down 2.7%/3.2% DoD on the day USDA’s prospective planting report was out while corn price rose 1.5% DoD.

News of unprecedented release of strategic US oil reserves by Biden admin, and China further releasing state soybean reserves also weighed on 3M FCPO price last Friday (-2.4% DoD).

Our NEUTRAL sector view is unchanged. Preferred BUYs: KLK, TAH & BAL.

Source: Maybank

https://www.kelive.com/KimEng/servlet/P ... &rid=56924

[behappyalways]

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[behappyalways]

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[behappyalways]

Farm Crisis Hits Dakotas As Floods Delay Plantings, May Trigger US Food Shortage
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[behappyalways]

Alarming Signs Farmers Reduce Fertilizer May Wreck Crop Yields
https://www.zerohedge.com/commodities/a ... rop-yields

[behappyalways]

They Can Print Money, But They Can't Print Food
https://www.zerohedge.com/personal-fina ... print-food

[behappyalways]

World's Largest Fertilizer Company Warns Crop Nutrient Disruptions Through 2023
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[behappyalways]

Spring Wheat Hits 14-Year High On World War 3 & Weather Woes
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[behappyalways]

India halts wheat exports as food security threatened by heatwave, Ukraine war
https://m.youtube.com/watch?v=fGIEZTl7ri8