Ryan Moe with Stone X talks commodity price outlook as we head into the first part of spring planting season.

There are currently a number of negative macro fundamentals that are troubling to the market including energy prices, diminished interest from the funds, questionable Chinese demand, the war in Ukraine and Russia being old news, plus a potentially very large crop in Brazil.

Conversely, Tuesday’s April 11 report will shed some light on US and world carry out and a hopeful seasonal tenancy of higher prices into the early spring planting season.

The conversation wraps up with a discussion around managing profit opportunities and putting in some open orders for sales in the event, we have opportunities that last only a short period of time or when we are distracted by spring planting workloads.