SimpleHedge

The #IEA is sending out "recommendations" (link below) to its member states in an attempt to reduce use of oil during this supply constraint and the recommendations are so eerie, has a covid/apocalyptic undertone to it... "Work from home when possible" "Avoid air travel where alt options exist" "Reduce highway speeds by at least 10km/h" What is also so wild, is of the 400Mb the member states committed to release to the market, a bunch of countries that fully rely on oil imports specifically from the middle east Japan committed 80Mb and about 90% of their crude is sourced from the Middle East... Philippines declared a state of emergency, Australian gas stations are running dry and oil futures are back down to only $90/barrel, something isn't adding up... iea.org/news/new-iea-r… #OilTrading #grainmarkets #ethanol #biodiesel

Well this is interesting... 🇨🇦CAD got weaker vs the USD as crude prices have been firming. How often do we see that.. Historically, CAD is a leading indicator to strength in crude, but there seems to be a decoupling of this relationship OR Even scarier thought (and probably the real truth) that not even strong crude prices can hide what's actually occurring in the Canadian economy and we are about to see the Canadian economy collapse (no idea when unless major intervention)... #CAD #energy #technicals

#Soybeans with a 24c range today up 1.3% Bean oil up 2%...

Government officials on both sides are trading these energy Futures- knowing announcements coming out from each side, the traders can hit the perfect highs and lows. Can't convince me otherwise ...

This👇 Never understood discussing marketing plans and planting intentions with commercial buyers (private business whose sole goal is to profit of your info). Having been a trader for the large commercials, you may think your local buyer won't tell anyone the info you provide but the moment you tell them anything on marketing intentions, planting intentions, price targets, etc all that information gets compiled and comes right back to every merchant in the company- which includes worldwide offices to literally trade AGAINST you. #canola #grainmarkets #agmarkets

#Corn nearby and deferred 😬

6/6 The Federal Liberals only reason in having blocked, taxed and or outright reject these projects in some form or another (Nutrient export terminal) was an attempt to suppress Western Canada due to its growing economic power (jobs) that translates into political power. Thank god we had these provincial parties that moved these projects forward. As now, the rest of Canada and the world relies on the affordable benefit of these decisions as it would be way worse and dark to think about

5/6 Canadian Federal parties have tried to stifle this, the shit show of prices that we would been in had these provincial parties not been in as positions of authority to promote and approve these projects is scary to think.

20 Years of Fertilizer Politics 🚜🗳️ A thread🧵 1/6 Just how important smart, common sense politics and policy is to the (not even success), but basic survival of the citizens of a country and the country itself. #fert #grainmarkets #canola

We joined Ryan on @wtfuturespod to discuss our recent analysis on the relationship between Energy&Ag and what producers should be on the lookout for! Go check it out at the link below! #energy #commodities

@farmer_average I’d be angry too with a flavourless diet like that 😂

@SimpleHedge_App That strict diet of chicken, rice and creatine can give a guy a temper.

“Reacher” star Alan Ritchson was allegedly caught on camera punching his neighbor multiple times in Nashville over a dirt bike speeding/noise complaint. Incident occurred in front of children. Police investigating; no arrest yet.

Feels like these events are becoming all too “coincidental”, but either way could be a major shock to energy. Was reported to by in their diesel hydrotreater. #ULSD futures already up 6%

#WTI was back at $100 overnight (hit the same price as last Monday) #ULSD hit 4.47 overnight, same ATH it hit less than 2 weeks ago #Soybean Oil barely moved overnight (I think because US biofuel margin doesn't really get traded overnight like single legs do)- NOW, during the day trade it is catching up with a bullish candle Saudi officials think crude goes to $180 if conflict carries into April (we are 1 week away from April...) These pullbacks are just algos trading Truth Social, physical and cash is showing a totally different and scarier story... #commodities #grainmarkets #Energy #canola

@unusual_whales Saw the price of wood pellets go up at my local Home Depot, probably because Europe has gone full circle burning wood...

Europe is burning more coal as the surge in natural gas prices forces utilities to switch to cheaper fuels to keep the lights on, per Bloomberg