Jerry Manderin

Grain trading. A lion does not care about the opinion of the sheep.

[Jerry Manderin @ManderinJerry]

@scutaru_catalin 🇨🇳

[Jerry Manderin @ManderinJerry]

Finally it looks like #grains have a real demand story in the coming year. Not that demand hasn’t been phenomenal so far overall. But this could be the cherry on the cake that outdoes the supply side for once. #oatt

[Jerry Manderin @ManderinJerry]

@RussianGrainTra @sizov_andre 1$ per ton market moves. Wow. Crazy times. Better buy some straddles!

[Jerry Manderin @ManderinJerry]

#Matif H/K is inverting.... I thought we had plenty of #wheat? hmmmm.🤭#oatt

[Jerry Manderin @ManderinJerry]

@FatF1nger US should be selling to many other places before it prices Egypt. But having said that it did price, just no US exporter willing to offer.

[Jerry Manderin @ManderinJerry]

Where is the wheat? Hiding in a Siberian bunker? The Great Russian wheat robbery...

[Alexey Egorov @alexeyyegorov]

As of Feb 01 producers #wheat stocks in South of Russia is at the minimum since 2015 (source: Rosstat). The estimate of the whole wheat stocks will be available at the end of Feb.

[Jerry Manderin @ManderinJerry]

Loving this #wheat setup right now.

[Jerry Manderin @ManderinJerry]

Colder temps coming to the Black Sea. Just as we thought we were already in spring...

[Jerry Manderin @ManderinJerry]

@MisterCommodity @DividendMaster Hahahahaha

[Jerry Manderin @ManderinJerry]

@sizov_andre @RussianGrainTra @JamesColquhou10 @PlattsAg Sizov, you know what domestic prices are doing and at what levels they are fob equivalent versus fob mkt today. What’s ur explanation?

[Jerry Manderin @ManderinJerry]

@MattAmmermann Domestic Russian still well above. This should produce negative origination margins which should keep exports to a minimum. Who picks up the remainder of the worlds demand until new crop? Well at today’s price it’s an EU showpiece with the US in the background for now. #wheat

[Jerry Manderin @ManderinJerry]

Good luck to those having to sell new crop #EU or #BlackSea #wheat at current prices 🙈 put the book on!! Fun times ahead 🃏

[Jerry Manderin @ManderinJerry]

@RussianGrainTra As Mommar said, predicting crops in February is a waste of time. Especially making weekly adjustments of 3mmt. Come on. It’s not that easy. Crop is likely between 60-90mmt. There we go. Good luck. 👍

[Jerry Manderin @ManderinJerry]

@KFWalsh81 Speak English mate!

[Jerry Manderin @ManderinJerry]

When #Matif wheat finishes its cleansing, there are some big questions to ask- French and Baltic/German #wheat are by far the cheapest wheat by a long way all the way out till June. How much can the EU balance sheet realistically export? And how much will the US stand to lose? 🤔

[Jerry Manderin @ManderinJerry]

@MisterCommodity And one has to wonder if demand for the rest of old crop is only going to be more robust with a 20$ break in prices.

[Jerry Manderin @ManderinJerry]

@RussianGrainTra @jnev64 VSR = very sad reality

[Jerry Manderin @ManderinJerry]

#GASC did well not issuing a tender after yesterday’s bloody close in #wheat. Perhaps their super algorithm can tell them if they should today if we are at the lows? French traders better be ready 😂 #howtoruinaweekend

[Jerry Manderin @ManderinJerry]

#Trump getting his wall one way or the other. Could’ve built a few walls with the cost of the #shutdown.

[Jerry Manderin @ManderinJerry]

Loving these backdated #USDA exports sales reports as of 3 Jan.... Anyone who sold #wheat on the back of the US #export sales yesterday 🤦‍♂️ I thought having over 130k mt of sales is pretty good for the period 😂 Who honestly even works those days let alone buys cargos of wheat??