Jun. 11 at 4:04 PM
$ANDE Lazy read is fertilizer sympathy. I dont think thats the clean read. If urea keeps collapsing it can break the producer pricing umbrella while helping the buyer, the distributor, the reload, the farmer account & the middleman with storage & physical assets. Thats where ANDE is different from a plain fertilizer trade. Storage, nutrient distribution, grain merchandising, ethanol production, Port Houston export capacity & 45Z credits sitting under Renewables. Clean confirmation is
$74.50 to
$75 acceptance. Failure starts under
$73.50.