Russia and Ukraine are both large wheat and corn producers. I’m looking at MOS fertilizer plays assuming that higher food prices lead to higher fertilizer prices.
This thing is spiraling much more than I would have imagined. I’m not treating it as a one trading day thing where I buy the dip trying to scalp 5%. If this becomes a direct military conflict with NATO it’s going to get worse from here. I don’t expect that to happen, but I didn’t expect a full out invasion either.