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Non-Tech : UAN - The variable distribution MLP that could go a long way
UAN 76.50-1.3%3:58 PM EST

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To: Elroy who wrote (274)10/15/2021 4:28:47 PM
From: Area51  Read Replies (1) of 320
 
Decent close on option expiration. Holding 80 and since hitting 80 it has gone sidewise and worked off the overbought condition. If Earnings are good in early November it should fly

@Publicus had some posts that agree with your position saying that there simply may not be enough fertilizer to service all the crops that will be planted in the US next year. So maybe I'm still too bearish on the stock. I hope so <g>.

Thanks for posting this bloomberg.com . They kind of intimate but dodge around what I think is the primary issue. That is that no matter what there will NOT BE ENOUGH NITROGEN FERTILIZER, to plant all of the acres that the US and other government authorities are saying will be planted next Spring. There simply isn't enough capacity at this point, and there are zero inventories anyplace. This is inevitably going to force up the price of all crops, but especially corn since the harvest next Fall will be vastly less than currently projected, and could well drop stocks to effectively zero at the end of the next planting year.

I assure all of you, the price of corn is NOT going to pull down the price of nitrogen fertilizer. The price of corn is going to be pulled up to the point where it is at least minimally profitable at whatever the ultimate price of fertilizer is. The shortfall is just too great.


seekingalpha.com
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