I began a January 8, 2023, Barchart article with a quote from my Q3 report that remains significant as the markets that feed and increasingly power the world moves into the 2023 crop year in the Northern Hemisphere.
The path of least resistance for the agricultural products that feed and increasingly power the world remains cloudy as we head into Q4 (and Q2 2023). The war in Ukraine is the most significant factor for the sector, as supplies from Europe’s breadbasket remain questionable. Moreover, since Russia is a world-leading fertilizer producer and exporter, farmers worldwide have experienced soaring prices and declining supplies of fertilizers required to sustain crop production.
