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Title: Fertilizer Prices Rocket Higher As Farmers Become 'Bullish' On Upcoming Growing Season
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... ullish-upcoming-growing-season
Published: Mar 11, 2021
Author: Tyler Durden
Post Date: 2021-03-11 23:19:46 by Horse
Keywords: None
Views: 84
Comments: 1

"We remain positive on all Ag names, and our rank order is MOS, NTR, CF, CTVA and FMC."

Poster Comment:

Not Good. Grain prices are higher but costs are escalating. Beef and pork producers will have to reduce their herds to force higher prices. This will cut demand for animal feed.

Problem is weather. Floods almost everywhere and drought in the Southwest. New Mexico is asking farmers to not plant anything at all. New Mexico's agricultural output is $3.1 billion per year. California in numero uno at $50 billion so a drought there will force prices higher.

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#1. To: Horse (#0)

Asking farmers not to plant is an exercise in idiocy. That's what farmers do.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2021-03-12   8:37:49 ET  Reply   Trace   Private Reply  

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