Worst US spring drought since 1895 plus drained inventories sets up an agricultural price shock.
Agricultural commodities and food prices catch up higher in the second half as fertilizer and gas rise
Agricultural and food commodities keep inflating hard; prices have multiplied and will get worse
Oil-driven fertilizer costs plus a forecast strong El Nino push crop futures higher into a late-cycle inflation breakout.
Missed fertilizer planting window locks in lower crop yields and rising food prices in 6-9 months
Agriculture is the most bullish trade as energy spikes cause fertilizer and food inflation amid record-low farm margins
Agriculture commodities are the slept-on trade as fertilizer and fuel costs spike into planting season
Closed Hormuz chokes fertilizer supply, agriculture prices must rise to clear farm costs
Agricultural commodities about to moon as farmer recession plus an oil supply shock light unprepared, short positioning