Josh Linville

If we need to buy 5 million tons, for example, and eight months into the year, we've only brought in a million, you know, we're going to start playing catch up. And what does that mean? We're probably moving to a premium versus the rest of the world to try and call those tons in. So We track this data really, really closely.

If we need to buy 5 million tons, for example, and eight months into the year, we've only brought in a million, you know, we're going to start playing catch up. And what does that mean? We're probably moving to a premium versus the rest of the world to try and call those tons in. So We track this data really, really closely.

And with China, if you look at their urea exports on an average here over the last several years, somewhere between 5 to 5.5 million tons. January through July of this year, cumulative, total, 200,000 tons.

And with China, if you look at their urea exports on an average here over the last several years, somewhere between 5 to 5.5 million tons. January through July of this year, cumulative, total, 200,000 tons.

And with China, if you look at their urea exports on an average here over the last several years, somewhere between 5 to 5.5 million tons. January through July of this year, cumulative, total, 200,000 tons.

That's it. That is what the data is showing. So is the data accurate? Yeah. We believe it is, as best as we can tell. Now, that's always a question mark. Just as much as we see operating rate indications, and it's continued to show that urea operating rates have been very, very good, so that makes you kind of wonder, now, wait a minute.

That's it. That is what the data is showing. So is the data accurate? Yeah. We believe it is, as best as we can tell. Now, that's always a question mark. Just as much as we see operating rate indications, and it's continued to show that urea operating rates have been very, very good, so that makes you kind of wonder, now, wait a minute.

That's it. That is what the data is showing. So is the data accurate? Yeah. We believe it is, as best as we can tell. Now, that's always a question mark. Just as much as we see operating rate indications, and it's continued to show that urea operating rates have been very, very good, so that makes you kind of wonder, now, wait a minute.

If they're that far behind on exports, but their operating rates are good, where's all this product going? That's a big missing piece of the puzzle. As of right now, the data that we're looking at, usually exporting 5 to 5.5 million tons by the end of December through July, 200,000 tons.

If they're that far behind on exports, but their operating rates are good, where's all this product going? That's a big missing piece of the puzzle. As of right now, the data that we're looking at, usually exporting 5 to 5.5 million tons by the end of December through July, 200,000 tons.

If they're that far behind on exports, but their operating rates are good, where's all this product going? That's a big missing piece of the puzzle. As of right now, the data that we're looking at, usually exporting 5 to 5.5 million tons by the end of December through July, 200,000 tons.

Well, that's the problem. I would sit there and say, yeah, I could sit there and if I put my tinfoil hat on, I could conspiracy theory and say that Chinese... Government people are restricting the exports of dairy in order to drive the price higher to hurt the food supply to mess with the rest of the world. That's the tinfoil hat conspiracy theory side of it.

Well, that's the problem. I would sit there and say, yeah, I could sit there and if I put my tinfoil hat on, I could conspiracy theory and say that Chinese... Government people are restricting the exports of dairy in order to drive the price higher to hurt the food supply to mess with the rest of the world. That's the tinfoil hat conspiracy theory side of it.

Well, that's the problem. I would sit there and say, yeah, I could sit there and if I put my tinfoil hat on, I could conspiracy theory and say that Chinese... Government people are restricting the exports of dairy in order to drive the price higher to hurt the food supply to mess with the rest of the world. That's the tinfoil hat conspiracy theory side of it.

But the data is showing the operating rate is really, really good, and the exports are really, really bad. Now, I found some articles where they talked about how their government officials have actually been pushing to very quickly build storage for a lot of these different rare products. elements and stuff like that, they're stockpiling a lot of stuff. Maybe they're doing the same thing on Yuri.

But the data is showing the operating rate is really, really good, and the exports are really, really bad. Now, I found some articles where they talked about how their government officials have actually been pushing to very quickly build storage for a lot of these different rare products. elements and stuff like that, they're stockpiling a lot of stuff. Maybe they're doing the same thing on Yuri.

But the data is showing the operating rate is really, really good, and the exports are really, really bad. Now, I found some articles where they talked about how their government officials have actually been pushing to very quickly build storage for a lot of these different rare products. elements and stuff like that, they're stockpiling a lot of stuff. Maybe they're doing the same thing on Yuri.

I mean, my gosh, they built the hospital in like 10 days when they needed it. It's not outside the realm of possibility to think that they could just be building flat storage with a roof on it just left and right. We need to hire those guys for the school. For the school.

I mean, my gosh, they built the hospital in like 10 days when they needed it. It's not outside the realm of possibility to think that they could just be building flat storage with a roof on it just left and right. We need to hire those guys for the school. For the school.

I mean, my gosh, they built the hospital in like 10 days when they needed it. It's not outside the realm of possibility to think that they could just be building flat storage with a roof on it just left and right. We need to hire those guys for the school. For the school.