LOL XL fleet will be in our rear view mirror in no time, once we take over class 8 trucks we’ll move onto the lower classes, renewable natural gas is the future people.
And it may or may not play out this way but the more factoring I do the more iv see a monster squeeze coming to the wheat market. Last time was right after the financial crisis as grain prices locally went from 4 dollars a bu to 20. Durum ran from 4 to 30 a bu! It's looking like it's in the cards again.
and that's just the start. Australia had it's worst crop since 08 not getting as much planted Africa having another drought and locust issues major. China shut down and trying to get started back up and get chemicals shipped out. Countries locking down. Urea and 1152 issues getting to Farmers. US Farmers lowest winter wheat acres in a long time. If they can get all the needs to get a spring crop in if the country shuts down and into the seeding season. That will not be good. US crop was much worse that reported all year. If the world has to turn to organic and not be able to get ferts and chemicals that would take the production down by 2/3rds. Not good. Countries will have an all out bidding war for food. Wheat for sure.
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And it may or may not play out this way but the more factoring I do the more iv see a monster squeeze coming to the wheat market. Last time was right after the financial crisis as grain prices locally went from 4 dollars a bu to 20. Durum ran from 4 to 30 a bu! It's looking like it's in the cards again.
USDA March Crop & Supply & Demand Updates
and that's just the start. Australia had it's worst crop since 08 not getting as much planted Africa having another drought and locust issues major. China shut down and trying to get started back up and get chemicals shipped out. Countries locking down. Urea and 1152 issues getting to Farmers. US Farmers lowest winter wheat acres in a long time. If they can get all the needs to get a spring crop in if the country shuts down and into the seeding season. That will not be good. US crop was much worse that reported all year. If the world has to turn to organic and not be able to get ferts and chemicals that would take the production down by 2/3rds. Not good. Countries will have an all out bidding war for food. Wheat for sure.