Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Wheat prices drop on Russian crop outlook
Associated Press ^ | Jun 10, 2014 4:05 PM EDT

Posted on 06/10/2014 8:03:36 PM PDT by Olog-hai

Wheat prices fell Tuesday as the outlook for the crop in Russia improves amid cooler and wetter weather.

The price of wheat for July delivery fell 11.25 cents, or 1.8 percent, to $6.01 a bushel.

Wheat prices have slumped 17 percent in the last two months. The drop comes after a surge at the start of the year that was driven by concern that supplies would be crimped amid tensions between Russia and Ukraine, both big wheat exporters. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; News/Current Events; Russia
KEYWORDS: ukraine; wheat

1 posted on 06/10/2014 8:03:37 PM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai

Gee. Under the Communist system it seems the USSR had lots of crop failures.

Wonder what they are now doing right.


2 posted on 06/10/2014 8:10:22 PM PDT by Ruy Dias de Bivar (Sometimes you need more than seven rounds, Much more.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ruy Dias de Bivar

And now it’s out turn — our economy is in the crapper and has been for some time. The media tells me that a lot of it is weather-related. Darn the luck.


3 posted on 06/10/2014 8:28:52 PM PDT by ClearCase_guy ("Harvey Dent, can we trust him?" http://www.youtube.com/watch?v=HBsdV--kLoQ)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ruy Dias de Bivar

Since 1914 into 1950s they had a premanent famine, which was solved only in the middle of the 20th century by importing massive ammounts of food from around the world on a regular basis.
As far as mid 1990s one could think it’s nutty to imagine if Russia would grow enough food to feed itself but since mid 2000s it is a netto-exporter of food and on tracks to out-export every other nation at that department.

It is a no-brainer to fugure out that it wasn’t weather which taunted the industry for about a century, yet here are idiots who still want to try socialism elsewhere.


4 posted on 06/10/2014 10:51:18 PM PDT by wetphoenix
[ Post Reply | Private Reply | To 2 | View Replies]

To: wetphoenix

Precisely.

The system you refer to has been tried all over the world for the last 100 years and the results are almost always the same. More often then not, it results in millions of deaths.

Yet those that continue to advocate for these policies seem to thing the problem can be fixed by having the right people in charge or if Statism didn’t have to compete with capitalism, all would be right with the world the the system would result in perfect equality and harmony.

Failure after failure and people still flock back to the oppressors. What is it about totalitarianism that is so seductive and appealing that people are willing go back to it time and time again?


5 posted on 06/10/2014 11:07:23 PM PDT by Carbonsteel
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson