I don't know what his plans are or what's in the spray bottle, but this I say with certainty: Dudes Rock! ;-)
If you think your job stinks, these guys could tell stories...
www.bbc.com/future/artic...
Fertilizer: Believe it or not, U.S. wholesale prices for a hypothetical blend of NPK are back to Feb 27th levels. Retail, i.e. picked up at a local distributor or delivered to a farm remains generally flat at the Spring highs. Some N-based slightly lower.
Source: fertilizerpricing.com/priceindex/
Fantastic chart, and something to keep in your pocket if you find yourself exchanging mild interstate insults with someone from ND, SD, NE, KS, IA or IL (2% to 14% forest cover).
"Yeah, well, you know, at least my state has trees, man."
Yesterday I wrote about Mosaic Co (fertilizer) $MOS sucking wind at $20/sh, today it's $22.40.
(IDK why it's up. Well below book value, moderate debt, not going away, sun spots, SpaceX, etc)
(insert SouthParkRandyWheelbarrow.gif)
US Crude Oil - this chart shows another price relationship that changed a lot beginning Feb 28th.
FWIW, June 5th Cushing inventory was 21.6M bbl. News accounts say 20M are necessary for normal operations. Getting close...
Note: chart is daily w/ 5d moving avg.
Fertilizer/Mosaic Co $20/share. Look at 20y chart. Awful.
Web post Jun 9: "since 2026 sulfur surged to approximately $500. Since the conflict began in the Middle East, we have seen prices as high as over **$1000** globally."
Data below from quarterly reports. We're gonna' need a bigger chart!
@mjwiegand.bsky.social Re a prev conversation about wheat.
Those knuckleheads at USDA really jumped the gun when they started at $6.50 season avg price, with still ample US stocks, last month. I see they took a 50 ct haircut 30 days later.
Iran state media.
Indonesia’s Kawah Ijen volcano is famous for its blue flames. But to locals, it’s the sulphur within its depths – known as the ‘Devil’s gold’ – that provides its true value.
Just how much of each US state is forested? In Maine it's forests everywhere (89%) while in North Dakota there are no forests worth speaking of (2%). Source: buff.ly/L2U7SWq
