Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Wheat prices soar to highest since 2008 on potential Russia supply hit
- The grain traded “limit up” during the day, meaning to the highest amount the price of a commodity is allowed to increase in a single day.
- Russia is the largest exporter of wheat and Ukraine is among the four biggest exporters of the commodity, according to JPMorgan.
- Of the 207 million ton international wheat trade, 17% comes from Russia and 12% comes from Ukraine, according to Bank of America.
- “Wheat and corn are the most exposed agricultural markets to any potential escalation in tensions”
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Ukraine Refugee Count Hits 1 Million+ as Russia’s Invasion Rolls On
- The surge in refugees follows the Russian capturing of the Ukrainian city of Kherson, the bombing of Kharkiv – where Russian forces have been accused of using devastating cluster bombs – as well as the ongoing siege of Kyiv and attacks across the East of Ukraine.
- Filippo Grandi, the United Nations High Commissioner for Refugees released via Twitter that “in just seven days we have witnessed the exodus of one million refugees from Ukraine to neighboring countries.”
- The U.N. informed the Associated Press more than two percent of Ukraine’s population had begun to flee the war-torn nation
- Russia has reported nearly 500 soldiers dead alongside 1,600 casualties. The Ukrainian government however disputes this and suggests Russia has suffered as many as 9000 casualties – which presumably includes both injured and killed troops.
- Kyiv has also suggested that Russia has lost 217 tanks, and about 60 aircraft including warplanes and helicopters, but these numbers also have not yet been independently verified.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Oil jumps to highest since 2011 as OPEC holds output steady despite Russia’s war on Ukraine
- U.S. oil climbed to the highest level in more than a decade in Wednesday trade, with global benchmark Brent topping $113 per barrel after OPEC and its oil-producing allies, which includes Russia, decided to hold production steady.
- West Texas Intermediate crude futures, the U.S. oil benchmark, jumped more than 8% to trade at $112.51 per barrel, the highest level since May 2011.
- “Brent crude could surge to the $120 level if the oil market starts to think it is likely that sanctions will be placed on Russian energy.”
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Ukraine Braces for Sharper Russian Cyber Attacks
- Russia has not yet brought its cyber “A-game” to its invasion of Ukraine, but the chair of the Senate Intelligence Committee expects that to change—possibly triggering a wider conflict
- Meanwhile, Ukraine is working with SpaceX to boost its internet resiliency and is calling for volunteers for an “IT army.”
- “One of the most remarkable things is that the internet is still up and these images that Ukrainians are taking of the Russian atrocious actions, you know, it’s being released to the world,” he said, declining to comment on specific U.S. intelligence assessments on the issue.
- NSA director Michael Rogers warned against underestimating Russian cyber weapons. Expect “cyber activity designed to not just deny access but really ultimately destroy or degrade infrastructure”
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Russia pummels Ukraine’s No. 2 city as convoy nears Kyiv
- At the same time, a 40-mile convoy of hundreds of Russian tanks and other vehicles advanced on the capital, Kyiv, in what the West feared was a bid to topple Ukraine’s government and install a Kremlin-friendly regime. And Russian President Vladimir Putin’s forces pressed their attack on other towns and cities across the country, including the strategic ports of Odesa and Mariupol in the south.
- In Kharkiv, Ukraine’s second-biggest city, with a population of about 1.5 million, at least six people were killed when the region’s Soviet-era administrative building was hit. Explosions tore through residential areas, and a maternity ward was moved to an underground shelter.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Ukraine’s First Round Of Talks With Russia Ends Without A Ceasefire Agreement
- A Russian rocket artillery barrage hit the city of Kharkiv, killing dozens of its residents, while the negotiations were ongoing.
- Ukrainian President Volodymyr Zelensky is pressing the West to establish a no-fly zone over Ukraine, an idea that has been floated recently. However, NATO officials, among others, have all but ruled this out. “We have no intentions of moving into Ukraine neither on the ground or in the airspace,” NATO Secretary-General Jens Stoltenberg
- The Russian government claims to have captured the Zaporizhzhia Nuclear Power Plant, which lies around 100 miles northeast of Crimea. Zaporizhzhia is the largest nuclear power plant in Europe and one of the top 10 largest such facilities in the world.
- The Ukrainian military has put civilian casualty figures. A total of 352 civilians, including 14 children, have died in the fighting so far, according to the official statement.
- Pentagon Press Secretary John Kirby has warned that “Mr. Putin still has at his disposal significant combat power,” including in the Black Sea.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Ukraine, Russia envoys talk under shadow of nuclear threat
- In a war being waged both on the ground and online, cyberattacks hit Ukrainian embassies around the world, and Russian media.
- Western nations ramped up the pressure with a freeze on Russia’s hard currency reserves, threatening to bring Russia’s economy to its knees. Russians withdrew savings and sought to shed rubles for dollars and euros, while Russian businesses scrambled to protect their finances.
- The U.S., European Union and Britain also agreed to block selected Russian banks from the SWIFT system, which facilitates moving money around thousands of banks and other financial institutions worldwide.
- Ukrainian authorities have been handing out weapons to anyone willing to defend the city. Ukraine is also releasing prisoners with military experience who want to fight, and training people to make firebombs.
- In another possible escalation, neighboring Belarus could send troops to help Russia as soon as Monday, according to a senior American intelligence official with direct knowledge of current U.S. intelligence assessments.
- On Monday, the Defense Ministry said extra personnel were deployed to Russian nuclear forces, and that the high alert status applies to all their components: the forces that oversee land-based intercontinental ballistic missiles, submarine-launched intercontinental ballistic missiles, and the fleet of nuclear-capable strategic bombers.
- Exact death tolls are unclear, but the U.N. human rights chief said 102 civilians have been killed and hundreds wounded in five days of fighting — warning that figure was likely a vast undercount — and Ukraine’s president said at least 16 children were among the dead. More than 500,000 people have fled the country since the invasion, another U.N. official said
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Russia’s invasion of Ukraine will likely ratchet American food prices even higher, experts say
- Russia’s invasion of Ukraine could push U.S. food prices even higher, as the region is one of the world’s largest producers of wheat and some vegetable oils. And the disruptions could drag on for months or even years, as crop production in the area could be halted and take a long time to restart.
- This week’s events “are proof that this will be a multiyear issue,” said Michael Swanson, Wells Fargo’s chief agricultural economist. “It’s my assumption that Ukrainian crops won’t get planted, or not anywhere near what they typically plant. And the Russian crops will be planted but will be embargoed in many markets. This is not something that will be resolved in weeks or months.”
- “There will be a disruption; there is already a blockade on Black Sea ports,” she said. “In the near term this should have an impact on European Union wheat shipments, then it will have an impact on the U.S.”
- Ukraine is the world’s fourth-largest exporter of both corn and wheat. It is also the world’s largest exporter of sunflower seed oil, an important component of the world’s vegetable oil supply. Together, Russia and Ukraine supply 29 percent of all wheat exports and 75 percent of global exports of sunflower oil, said Kelly Goughary, senior research analyst Gro-Intelligence, an agriculture data platform.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- World wheat prices begin to soar amid the war in Ukraine
- Mideast governments must hike bread subsidies if they don’t want chaos in the streets, experts say.
- As weeks of tension now turn to open warfare between Russia and Ukraine, the effects on the global economy are becoming clear. World trade in wheat is greater than for all other crops combined, and its price reached a nine-year high on Thursday, $9.32 per 60-pound bushel, as the escalating conflict led to expectations of disrupted supplies.
- Russia is the third-largest producer of grain, after China and India, and Ukraine is the ninth-largest. Together, the two warring countries produce more than a quarter of the world’s wheat and nearly a third of global exports.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Russian Forces Attack Kindergarten in Ukraine, Casualties Reported: Officials
- “Today’s Russian attacks on a kindergarten and an orphanage are war crimes and violations of the Rome Statute,” he said in a statement on Twitter. “Together with the General Prosecutor’s Office we are collecting this and other facts, which we will immediately send to the Hague.”
- The unedited photo shows at least two dead persons prostrated on the ground,” said Grozev on Twitter.
- The news comes amid reports that Russian troops descended on the streets of Ukraine’s capital, Kyiv on Friday, and a day after Russian President Vladimir Putin announced a “special military operation” in Ukraine.
- Ukraine’s ministry of defense called on citizens to prepare Molotov cocktails to fight off invading Russian troops, as Russian forces appeared to have infiltrated a residential district of Kyiv.
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