Mother nature will be the reason why we have a grain shortage, yes the credit has tightened up, however the acres are going in, inputs are half the price from last year. Northern hemisphere is in the filling stage (spring) for most cerals and all looking reasonably OK at the moment, some dryish ares in EU. Growers are also (as good as they already are) getting better growing crops with increased knowledge and technology.
Spring time is the key.
why fertiliserprices are decoupling from grain, page-4
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