Hmmmm Markets?!

[Oliver88]

I was expecting it to go the opposite way. I thought speculation in the grain markets due to current events might drive nearby contract prices higher, but logistics and demand would make basis weaken.

Thursday and Friday your expectations did come true for wheat.

Futures did increase but basis did weaken and one company widened their protein discount.

[furrowtickler]

Canadian $$ went from $1.30 to about $1.41 now. That will affect the cost of fertilizer. Then the availability of product once all its the fan. If you didn't buy in the Fall, to store on farm, don't cry about the price next week.

If only one had a crystal ball to show a worldwide pandemic starting followed by an oil war between Russia and Saudi ...
Your right , but don’t point fingers at some of those who had the complete inability to buy before now . Throw in two bad harvests, poor grades , some areas with bad frost damage, reduced yields then blockades causing huge delays in grain deliveries before the latest events. Some areas like just north of here have been hit with multiple shit storms beyond their control. Makes buying fertilizer at the perfect time impossible .
Fert prices were still holding flat before this latest set events a month ago when we bought but it looks like that was just luck the way things are going now .
And ya unfortunately any inputs needed for seeding not on farm already or ASAP might be hard to get. Hopefully not but it’s not looking good .