Famines Update

Grains to Close June With Gains Amid Complicated Weather. ‘A measure of wheat for a penny.’

Blog note. Jesus indicated that ‘fearful sights’ (various natural disasters) would occur leading up to the time known as the Tribulation and Great Tribulation (a combined seven year period of great destruction on earth). Although these types of things have occurred in the past for centuries and thousands of years, they could be identified as the ‘season of the times’ due to the ferociousness of these events. They would be occurring in greater intensity, severity, frequency, size, duration, scope … just like the pains that a woman experiences in labor the farther along she is in the labor process. We are in the ‘season of the times’ that comes just before the seven (7) year Tribulation/Great Tribulation period
… And great earthquakes shall be in diverse places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven. (Luke 21:11).
… And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; (Luke 21:25)
… Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken; (Luke 21:26)
… This know also, that in the last days perilous times shall come. (2 Timothy 3:1)
Jesus is giving a series of prophecies about what to look for as the age of grace comes to a close. These verses are several of many such prophecies from throughout the Bible. 2017 was the worst year in recorded history for the intensity, frequency, severity, duration and occurrence of a large number of severe natural disasters worldwide. Earthquakes, volcanoes, hurricanes, typhoons, cyclones, torrential flooding, unprecedented wildfires in unusual places, devastating droughts, excessive/scorching heat setting records everywhere, record snowfalls in Europe and Russia. Snow in the Arabia. This list can go on. Most studied Eschatologists believe these ‘fearful sights’ and massive natural disasters are all part of the ‘CONVERGENCE’ of signs that this Biblical and prophetic age is closing. Most people who study prophecy are familiar with the routine reference(s) made that these things will be like a woman having labor pains, growing in intensity, frequency, size and duration.

Grains to Close June With Gains Amid Complicated Weather. ‘A measure of wheat for a penny.’

Mauricio Carrillo. FX Empire•June 28, 2019

Grains are trading positive on Friday ahead of the well-waited meeting between Trump and Chinese president Xi this Saturday.

Agricultural futures have performed with benefits in the week and month, but gains are now limited due to month-end rebalancing as investors want to take profits and include it on their books.

Weather is still a concern for agricultural investors as heavy rains remain in the farm belt of the United States, but dry conditions in Canada. Also, hot temperatures in Europe and a weak monsoon season in India are raising concerns about a grains supply crisis in the months to come.

India experiences weak monsoon rains

In India, monsoon rains were below average for the fourth consecutive week according to reports. Besides, the forecast is expecting the conditions to last in the short term.

As monsoon is crucial for Indian farmers, weak rains are raising concerns about the farmers’ production and the country economy. Agriculture means 15% of the global Indian economy.

With weak monsoon, sugar and other grains are getting delays in the crop. So sugar prices are hot.

Grain prices report for June 28

Soybean found support at the 20-day moving average level on 8.823 on Thursday, and the unit is now trading 0.50% positive at 8.900 on Friday. The unit is closing its first negative week in the last three as the oilseed was unable to break above the 9.150 for a second consecutive week.

On the month, Soybeans prices performed its second period of gains, and it extended its recovery from 7.790, May minimum reached on May 13, to test the mentioned 9.150. Soy is closing the quarter with a 1.75% gain since April.

Corn is ready to close its third positive month in a row as the grain is trading at 4.360, 4.0% positive in June. However, monthly gains were moderated after the unit is closing its second week with losses. Corn is 0.75% down on the week, and finishing Friday with a 0.21% daily decline.

Wheat is trading in consolidation mode on Friday as investors are taking profits after the unit jumped to highs since August 2018 at 5.510 on Thursday. Currently, prices of wheat are moving around 5.380, 1.15% negative in the day.

Weekly, wheat is advancing 2.85% in the last five trading days, ready to close its five weeks of gains in the previous seven. The unit is also closing its second month of benefits as the bushel is performing 8.0% positive in June.

Coffee is trading positive for the fourth consecutive day as the unit is consolidating levels above 106.00. Coffee is ready to close its second week of gains in a row, as well as its second month of profits. It is essential for the grain that the unit is finishing the week and the month above the 100.00 level. However, be aware that it could be due to month-end rebalancing.

Sugar is posting gains on Friday for the second day in a row as the unit is consolidating levels after the rally performed on Thursday. The unit is positive due to weather problems in India.

Currently, sugar is trading 0.24% gains on Friday as it is moving at 0.1255. On the week, sugar is posting gains as it has almost recovered all losses suffered in the previous week. This would be its fifth week of gains in the last six.

On the month, sugar is closing its first month of gains since February. June is ready to finish 5.27% positive as the unit extended its recovery from May’s lows at 0.1115.

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