Apr. 7 at 2:03 PM
$IPI
There are reserves around the world and there are containers that were still headed to their destinations with a target date of arrival of April 15th, So what's expected that we won't see 200 - 250 a barrel in oil until later this month. Natural gas and urea who knows, soon.
At the same time the fertilizer also has a pretty big lead time before impacted by the lack of the physical product to produce it, just at the start of the planting season around the world in the Northern Hemisphere.
I'm guessing this breaks out around 1200.
It's boring but just staying in it while it's consolidating. JMO.
