That probably depends, are you holding out for some predetermined price, just more than today, or new all-time highs?
I don't think we will see the new all-time highs for at least a year. But if I remember right, I think you are not averse to stortng grain for long periods.
I think the feedl barley is stronger than necessary given the probable short corn crop. But my thought process is that demand destruction will sort that out if it hasn't already. Whereas the wheat and oil seeds can't be solved on the demand side as easily. If any of that proves to be true, then selling the barley now and holding the other crops makes sense.
As far as fertilizer goes, I can't see any convincing argument that any of the parties involved are interested in de-escalating the situation in Ukraine anytime soon. Which means Europe won't be ramping up fertilizer production, and exports from Russia and Belarus are likely to be constrained so I don't see any reason why fertilizer will get any cheaper before it gets more expensive. Compounded by the problems on the Mississippi, as our fertilizer makes its mythical round trip to New Orleans and back
I don't think we will see the new all-time highs for at least a year. But if I remember right, I think you are not averse to stortng grain for long periods.
I think the feedl barley is stronger than necessary given the probable short corn crop. But my thought process is that demand destruction will sort that out if it hasn't already. Whereas the wheat and oil seeds can't be solved on the demand side as easily. If any of that proves to be true, then selling the barley now and holding the other crops makes sense.
As far as fertilizer goes, I can't see any convincing argument that any of the parties involved are interested in de-escalating the situation in Ukraine anytime soon. Which means Europe won't be ramping up fertilizer production, and exports from Russia and Belarus are likely to be constrained so I don't see any reason why fertilizer will get any cheaper before it gets more expensive. Compounded by the problems on the Mississippi, as our fertilizer makes its mythical round trip to New Orleans and back
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