Hormuz is shut and half the world’s urea and a third of ammonia exports are stuck behind it. Ammonia went from $850 to $1,050 a ton in three weeks, Qatar’s fertilizer plants are offline, India and Bangladesh are shutting theirs down too because they can’t get gas feedstock anymore. There’s no strategic fertilizer reserve like there is for oil, nobody planned for this. Corn needs more nitrogen than any other major crop and at these input costs it literally doesn’t make money at $4.50 a bushel, so farmers are going to rotate acres into basedbeans which fix their own nitrogen. Less corn planted means less corn harvested in September means price goes up. USDA Prospective Plantings report March 31 is the catalyst. Even if the war ends tomorrow the fertilizer still hasn’t shipped, it takes 30 days on the water plus weeks to reach inland farms, and planting season is NOW. The supply destruction is already locked in regardless of what happens in the Middle East. Pure agriculture math at this point. CORN, CXRN if you want 2x. (but it’s a small etf, just a few million dollars large) As of time of posting, you have an hour left before markets close for the weekends. Also, stop trading American oil markets and for fucks sake at least trade BNO if you insist on remaining an NPC. Good luck retards; you’re welcome.
I knew my piss jugs were worth saving up
Youre welcome for what? Now i got to buy corn futures to afford corn ff
> If that were true anon, wouldn’t funds be buying it? Look at the price chart with one day candles fuckface. They are. It just hasn’t broken out yet. But it will.
What's the world going to be like when retail investors rush in to exploit commodity markets, enriching themselves in equities while simultaneously impoverishing themselves and their fellow citizens in the goods and services they buy?
>>62010643Hey at least you’ll be eating. Whatever wealth is redefined as in post apocalyptic 2027, i want to be part of it.
>>62010666>based digits of prophecy I agree that the next retard retail lemming rush is into commodities of all types, and it will be awful.
>>62010688Holy fucking trip dubs. I can’t remember the last time I saw that shit.
been saying this for a week now lol. everyone on here is obsessed with oil and shorting spy meanwhile the real play is sitting right there in the ag space. my buddy runs 800 acres in iowa and he straight up told me he’s cutting corn by 40% this year because the numbers don’t work. said his fertilizer dealer can’t even guarantee delivery dates anymore. if one guy in iowa is doing that imagine what’s happening across the entire corn belt. also nobody is talking about how china restricted their own fertilizer exports BEFORE the war even started so the global supply was already tight. this just broke it completely. i loaded up on CORN at 22 and change and im not touching it until after the usda report. might add more honestly. the fact that corn is down today while everything else is on fire just means the market hasn’t figured this out yet which is exactly when you want to be buying
>>62010635I've seen this trade shilled on like 10 different platforms in the past 48h>15 minutes after friday close>trump announces we're withdrawing for goodCommodity larpers get what they deserve.
>he isn't buying corn bullionNGMI
>>62010688Corn is Satan's poop. If you see in yours you ought to see an exocist.
>>62010635Whatever shall the largest gas and corn producer in the world do now?
E85 and HFCS suck nigger dick, and so will any future dipshit concoction they make from this shit.
>>62012496>trusting trumpThey jist asked for 200 billion dollars retard this might come as a surprise to you but TRUMP IS LYINGAnd even if he was telling the truth the strait is still closed
>>62012678Trump is lying?No way
