Josh Linville

Supply side, things seem to be okay. And that is not to sit there and say there are not production issues. The Chinese exports is certainly a situation where we look at urea. The EU is a marketplace that we haven't typically talked about in the past because they just produced what they needed and nothing really went in or out or anything. They were just as they were.

Supply side, things seem to be okay. And that is not to sit there and say there are not production issues. The Chinese exports is certainly a situation where we look at urea. The EU is a marketplace that we haven't typically talked about in the past because they just produced what they needed and nothing really went in or out or anything. They were just as they were.

Supply side, things seem to be okay. And that is not to sit there and say there are not production issues. The Chinese exports is certainly a situation where we look at urea. The EU is a marketplace that we haven't typically talked about in the past because they just produced what they needed and nothing really went in or out or anything. They were just as they were.

The same thing, we go back and we talk about Russia and Ukraine. You remember the Nord Stream Pipeline? Somebody blew that up. They stopped shipping product through the... Well, their natural gas price started to rise. Their nitrogen production right now is about 75% of normal. And this is especially bad on UAN. The EU region, about 30% of all the UAN produced in the world.

The same thing, we go back and we talk about Russia and Ukraine. You remember the Nord Stream Pipeline? Somebody blew that up. They stopped shipping product through the... Well, their natural gas price started to rise. Their nitrogen production right now is about 75% of normal. And this is especially bad on UAN. The EU region, about 30% of all the UAN produced in the world.

The same thing, we go back and we talk about Russia and Ukraine. You remember the Nord Stream Pipeline? Somebody blew that up. They stopped shipping product through the... Well, their natural gas price started to rise. Their nitrogen production right now is about 75% of normal. And this is especially bad on UAN. The EU region, about 30% of all the UAN produced in the world.

So that's a little bit of a step back. You talk about some of these production issues we've seen in Trinidad and Egypt because of a lack of gas supply. Russia not exporting anhydrous. That's your biggest exporter right there just disappearing from the marketplace. So there are these hiccups.

So that's a little bit of a step back. You talk about some of these production issues we've seen in Trinidad and Egypt because of a lack of gas supply. Russia not exporting anhydrous. That's your biggest exporter right there just disappearing from the marketplace. So there are these hiccups.

So that's a little bit of a step back. You talk about some of these production issues we've seen in Trinidad and Egypt because of a lack of gas supply. Russia not exporting anhydrous. That's your biggest exporter right there just disappearing from the marketplace. So there are these hiccups.

There's enough things that if we saw corn back to last year's type values, I think every single nitrogen price across the board is higher. The problem is the buyer is sitting there saying, I don't care what the outlook is. 24 stinks. 25 stinks. I don't have money to spend anyway. If I did, I wouldn't give it to you to save my life. I'm not doing a thing. The farmer says that.

There's enough things that if we saw corn back to last year's type values, I think every single nitrogen price across the board is higher. The problem is the buyer is sitting there saying, I don't care what the outlook is. 24 stinks. 25 stinks. I don't have money to spend anyway. If I did, I wouldn't give it to you to save my life. I'm not doing a thing. The farmer says that.

There's enough things that if we saw corn back to last year's type values, I think every single nitrogen price across the board is higher. The problem is the buyer is sitting there saying, I don't care what the outlook is. 24 stinks. 25 stinks. I don't have money to spend anyway. If I did, I wouldn't give it to you to save my life. I'm not doing a thing. The farmer says that.

The retailer is sitting there saying, I'm in a bad spot. I'm scared to death of this just like everybody else is. I'm not going to take the positions. The supplier is saying, I'm not going to take those positions. It's a standoff. And so we're seeing prices relatively flat. A little bit of a slide on a couple of the products. Anhydrous is moving up a little bit on the resupply. UAN is steady.

The retailer is sitting there saying, I'm in a bad spot. I'm scared to death of this just like everybody else is. I'm not going to take the positions. The supplier is saying, I'm not going to take those positions. It's a standoff. And so we're seeing prices relatively flat. A little bit of a slide on a couple of the products. Anhydrous is moving up a little bit on the resupply. UAN is steady.

The retailer is sitting there saying, I'm in a bad spot. I'm scared to death of this just like everybody else is. I'm not going to take the positions. The supplier is saying, I'm not going to take those positions. It's a standoff. And so we're seeing prices relatively flat. A little bit of a slide on a couple of the products. Anhydrous is moving up a little bit on the resupply. UAN is steady.

Urea is down a little bit. but the market has just grind grinded to a halt because nobody wants to take the next step. They can't last forever. They can last for a while. It's only August 23rd. Do you buy yours yet?

Urea is down a little bit. but the market has just grind grinded to a halt because nobody wants to take the next step. They can't last forever. They can last for a while. It's only August 23rd. Do you buy yours yet?

Urea is down a little bit. but the market has just grind grinded to a halt because nobody wants to take the next step. They can't last forever. They can last for a while. It's only August 23rd. Do you buy yours yet?

That's a lot of it. I would say, so again, one of the big things we talk about, if you've seen Twitter, the reports, things like that, I always talk about the ratio, right? And for anybody that might not know, that whole concept comes from when I kind of break down what farming is from my perspective, just looking at marketing. So this is a very, very, very simplistic point of view.

That's a lot of it. I would say, so again, one of the big things we talk about, if you've seen Twitter, the reports, things like that, I always talk about the ratio, right? And for anybody that might not know, that whole concept comes from when I kind of break down what farming is from my perspective, just looking at marketing. So this is a very, very, very simplistic point of view.