As Brazilian farmers are planting their safrinha corn crop, they face atrazine shipping delays and unexpected canceled deliveries. The leading corn production herbicide is used to control broadleaf weeds. In 2020, Brazil exported Brazil: $5.9 billion worth of corn, (16%) of all global exported which was down 21% y-o-y. https://www.agweb.com/markets/pro-farmer-analysis/brazils-corn-growers-report-atrazine-shortage
AgWeb
Brazil’s corn growers report an atrazine shortage
As Brazilian farmers are planting their safrinha corn crop, they face atrazine shipping delays and unexpected canceled deliveries. . .
Tesco shoppers have been warned the ‘worst is yet to come’ with food prices amid the cost-of-living crisis affecting families across the UK. But Tesco shoppers can also expect rising grocery bills when they get to the tills the supermarket’s chairman has warned. "So the likelihood is that that inflation trigger will rise but we're doing all we can to offset it." https://uk.sports.yahoo.com/news/tesco-warns-customers-worst-yet-113327380.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
Yahoo
Tesco warns customers 'worst is yet to come' as food prices rise
The warning comes as Ofgem confirmed the energy price cap will rise by 54% in April.
Robust oil demand and the headroom for money managers to expand their long positions in the crude complex, combined with shrinking global spare production capacity and “worrisome” inventory levels, could push oil prices even higher. Brent Crude presently @ $91 USD per bbl. https://oilprice.com/Energy/Energy-General/Worlds-Top-Oil-Trader-Sees-Higher-Prices.html
Oil Price
World's Top Oil Trader Sees Higher Prices
At the start of the Chinese Lunar New Year, China could begin filling its crude stocks, even at $90 a barrel oil, because some restocking could be needed
Coamo, the largest farmer cooperative in Brazil, expects to receive 3.6 million tonnes of soybeans from the 2021/2022 crop, 40% less than initially projected amid crop failure caused by a drought. Brazilian food supply and statistics agency Conab slashed its estimate for soybean production by some 15 million tonnes in the 2021/2022 cycle, citing dry whether. https://kfgo.com/2022/02/10/brazils-biggest-farmer-coop-sees-40-soy-supply-drop-amid-drought/
KFGO
Brazil’s biggest farmer coop sees 40% soy supply drop amid drought
By Roberto Samora SAO PAULO (Reuters) -Coamo, the largest farmer cooperative in Brazil, expects to receive 3.6 million tonnes of soybeans from the 2021/2022 crop, 40% less than initially projected amid crop failure caused by a drought. In an interview ...
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TURKEY- Gold imports graph. No observable correlation for present initiative.
Turkey will expand its drive to lure savers back to the lira next week with a scheme aimed at bringing billions of dollars worth of “under the mattress” gold into the banking system. the government hoped that 10 per cent of the estimated $250bn worth of gold kept by Turks in their homes would be converted into lira under the initiative. Nebati said that 30,000 gold shops would play a central role in the scheme. The government had signed contracts with five gold refineries to convert jewellery handed over under the programme into gold bullion. https://www.ft.com/content/b015842e-fcbd-40f8-b3f7-f3bc6d5c43a8
Turkey will expand its drive to lure savers back to the lira next week with a scheme aimed at bringing billions of dollars worth of “under the mattress” gold into the banking system. the government hoped that 10 per cent of the estimated $250bn worth of gold kept by Turks in their homes would be converted into lira under the initiative. Nebati said that 30,000 gold shops would play a central role in the scheme. The government had signed contracts with five gold refineries to convert jewellery handed over under the programme into gold bullion. https://www.ft.com/content/b015842e-fcbd-40f8-b3f7-f3bc6d5c43a8
Japan's producer price index marked another big spike in January, mainly due to higher prices of raw materials including crude oil. The Bank of Japan said the cost of goods traded among companies increased 8.6 percent in January from a year earlier. The index rose for the eleventh straight month. Wholesale price inflation is still near a record high. The index rose 9.2 percent in November, the fastest pace in four decades. https://www3.nhk.or.jp/nhkworld/en/news/20220210_21/
NHK WORLD
Japan's January wholesale price inflation near record high | NHK WORLD-JAPAN News
Japan's producer price index marked another big spike in January, mainly due to higher prices of raw materials including crude oil.
Banks across the euro zone are being told to increase their cyber defenses with the region's regulator saying the issue should be a top priority amid heightened geopolitical tensions. "We are asking [banks] to strengthen their cyber regime measures and look at a potential increase in attacks and the danger of these attacks going forward,". Moscow has denied that it plans to invade neighboring Ukraine. https://www.msn.com/en-us/money/markets/european-banks-told-to-step-up-cyberattack-defenses-amid-russia-ukraine-crisis/ar-AATHeSz
MSN
European banks told to step up cyberattack defenses amid Russia-Ukraine crisis
Banks across the euro zone are being told to increase their cyber defenses with the region's regulator saying the issue should be a top priority for the sector.
Canada - Government imposed climate change policy changing business models. Nova Scotia’s power utility is asking for an average general rate increase for residential customers of 9.9 per cent over three years, with possible additional costs due to severe weather and energy efficiency costs. the rate changes will help the company meet government-regulated targets for cleaner energy. Nova Scotia Power would spread out its “decarbonization” program costs over time – and how and when this might impact rates – weren’t provided. https://globalnews.ca/news/8542554/nova-scotia-power-rate-increase-2022/
Global News
Nova Scotia Power seeks 10 per cent rate hike and system to defer green energy costs
Nova Scotia Power's rate increases are proposed to take effect in three stages, beginning this August and then on Jan. 1 for the next two years.
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The Central Bank of Ireland’s gold bullion reserves have surged to 9.5 metric tonnes as they diversify in order to protect against the risks posed by surging Inflation. Ireland bought gold bullion bars stored in the Bank of England. This was Ireland’s first increase since 2008 . Net purchases for 2021 was 3.5 tonnes https://healthwealthgold.com/2022/02/10/irish-central-bank-gold-bullion-holdings-surge-to-9-5-tonnes/
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Food prices could soar even higher if conflict were to break out between Russia and Ukraine, top producers of corn and wheat that are a staple to billions around the world, and raise the specter of runaway inflation and political instability in the Middle East. Corn futures on the Chicago Board of Trade, now hover around $6.20 per bushel, marking a gain of more than 10% from a year earlier. Wheat futures on the same exchange are trading 20% higher at approximately $7.60 a bushel. https://asia.nikkei.com/Politics/Ukraine-crisis/Ukraine-crisis-sends-grain-prices-soaring-threatens-food-security
Nikkei Asia
Ukraine crisis sends grain prices soaring, threatens food security
Wheat and corn costs approach levels seen during Arab Spring unrest
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Coffee prices have nearly doubled since this time last year. One major reason is because drought – followed by frost and extreme weather – hit hard in Brazil, the world’s largest coffee producer. The price of coffee is soaring, hitting a new 10-year high this week. Robusta coffee closed at $2.53USD/lb today.
Are CBDC's a tool to sleepwalk populations into a Chinese style social credit system? Unlike previous years where Visa was the only dominating payment method due to Olympic’s contractual exclusivity, this year a new form of payment is HODLing the line. means of transaction around the Olympic games have observed a shift with China’s CBDC taking the lead. The country has been pushing its central bank digital currency towards the citizens of the country in order to expand its reach. Recently they even began testing the e-CNY for international individuals who arrived for the Winter Olympics. https://finance.yahoo.com/news/cbdc-trumps-visa-payment-winter-085747435.html
Yahoo
CBDC Trumps Visa for Payment at the Winter Olympics in China
While people within the Olympic bubble have the choice to pay for goods and services using other payment methods, they seem to be opting for CBDC.
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NOW - Canada's Deputy Prime Minister and Minister of Finance:
"We are broadening the scope of Canada's anti-money laundering and terrorist financing rules so that they cover Crowd Funding Platforms and the payment service providers they use. These changes include all forms of transactions including digital assets such as cryptocurrencies."
@disclosetv
"We are broadening the scope of Canada's anti-money laundering and terrorist financing rules so that they cover Crowd Funding Platforms and the payment service providers they use. These changes include all forms of transactions including digital assets such as cryptocurrencies."
@disclosetv
The fight against climate change — with its rush for the light metal coupled with the shutdown of the dirty power sources that helped produce it — has turned the trade upside down. It’s crippling supply, particularly in China. On the London Metal Exchange, spot prices for the metal have surged above $3,300 a metric ton for the first time since June 1988.The main culprit is electricity. Turning bauxite into pure metal is an energy-intensive process. On average, producing a ton of aluminum uses the same electricity as an average U.S. family consumes in year. https://www.bloomberg.com/opinion/articles/2022-02-14/aluminum-will-intensify-the-inflationary-wave-washing-around-the-world
Bloomberg.com
Hold That Tesla! Inflation Will Be Made of Aluminum
The metal used to be dirt cheap. No longer. It’s going to affect everything from government policy to the price of groceries.
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By incentivizing corn production, it spurred the conversion of enormous swaths of pasture and grassland into cropland, resulting in net emissions that could potentially make corn ethanol an even bigger carbon source than gasoline itself. Amortized across 30 years, the team found that corn ethanol’s carbon intensity may actually be 24 percent higher than gasoline. https://thecounter.org/corn-ethanol-production-climate-change-worse/
The Counter
Corn ethanol was supposed to help the climate. Instead, its production may have made things worse.
Environmental advocates have long warned that incentivizing ethanol production could be a net loss for the planet. A new study suggests that those fears may be well-founded.
The San Francisco 49ers have been hit by a ransomware attack, with cyber criminals claiming they stole some of the football team's financial data. The ransomware gang BlackByte recently posted some of the purportedly stolen team documents on the dark web in a file marked "2020 Invoices." The gang did not make any of its ransom demands public or specify how much data it has stolen or encrypted. https://www.cbsnews.com/news/san-francisco-49ers-hacked-ransomware-blackbyte/
Cbsnews
Blackbyte ransomware gang claims it hacked San Francisco 49ers
The NFL team said In a statement that it recently became aware of a "network security incident."
“After a successful trial in 2021, the Bank of Jamaica will put out its own digital Jamaican dollar in 2022.” Countries that have already deployed CBDCs, include China, Nigeria, and Venezuela. The European Commission said that a digital euro bill will be unveiled in 2023. https://techstory.in/prime-minister-says-bank-of-jamaica-will-roll-out-the-digital-jamaican-dollar-in-2022/
TechStory
Prime Minister says Bank of Jamaica will roll out the digital Jamaican dollar in 2022
According to Prime Minister Andrew Holness, Jamaica will roll out the digital Jamaican dollar in 2022.
US- The average price of a gallon of regular-grade gasoline currently stands at $3.488, an increase of more than 30 percent since the same time last year, when it was $2.505 a gallon. total domestic gasoline stocks decreased by 1.6 million barrels to 248.4 million last week. https://www.theepochtimes.com/gasoline-prices-rise-across-us-again-experts-warn-more-pain-at-pump-coming_4276348.html?utm_source=ref_share&utm_campaign=copy&rs=0&
The Epoch Times
Gasoline Prices Rise Across US Again, Experts Warn More Pain at Pump Coming
The price of gasoline has risen across the United States again as experts warn that more pain could ...
The Christian crowdfunding site GiveSendGo has been hacked and temporarily disabled after it facilitated the raising of nearly $9 million for the convoy of Canadian truckers who have been protesting vaccine mandates. GiveSendGo’s list of donors, approximately 92,000 of them, was also leaked and shared online. https://www.christianpost.com/news/givesendgo-hacked-donors-leaked-amid-covid-trucker-protest.html
The Christian Post
GiveSendGo hacked, donors leaked amid fundraiser for Canadian trucker convoy protest
The Christian crowdfunding site GiveSendGo has been hacked and temporarily disabled after it facilitated the raising of nearly $9 million for the convoy of Canadian truckers who have been protesting vaccine mandates.
Argentinian Tax Authority now has a procedure for confiscating digital assets in these accounts. This addition will allow authorities access not only bank accounts and loans given out by third parties but also houses and cars owned by individuals who may be involved with cryptocurrencies transaction history- even if they made those purchases decades ago! they could confiscate even cryptocurrencies if the custody of these assets depends on an entity based in Argentina. https://www.newsbtc.com/news/argentinian-tax-authority-to-seize-digital-wallets-to-collect-tax-debts/
NewsBTC
Argentinian Tax Authority to Seize Digital Wallets to Collect Tax Debts
Argentinian Tax Authority has recommended that they will be able to seize digital assets owed by taxpayers if debts are not settled.
Belarusian President Alexander Lukashenko signed a decree confirming the country's official support for the free circulation of cryptocurrencies. The document provides a legal basis for the creation and maintenance by the Belarusian High-Tech Park of a register of crypto wallet addresses used in illegal activities. The decree document details the process and standards for the government to seize crypto from criminals. The decree is intended to protect crypto investors from possible losses and prevent unintentional participation in activities prohibited by law. https://president.gov.by/ru/documents/ukaz-no-48-ot-14-fevralya-2022-g