Today I had the particular pleasure of speaking to the ND Commodity meeting in Bismarck. Lord knows, I barely got here. But the discussion and surprising news were well worth it.
Except for one thing. Our four-year old grandson has become an agent of a biological warfare laboratory: preschool. He has suffered and shared several viruses and maladies over the past few months, and so when I began to speak this morning I knew my throat was doomed.
I was right.
Still things from other speakers that made me take notice.
- The US used less electrical power in the last year than the year before - for the first time in history. Don't tell me there is no demand curve.
- Fertilizer prices have broken hard here at least. MAP ~ $600; NH3 ~$600; urea down even more (proportionally) - I can't remember the number. No words on K. Don't tell me there is no demand curve.
- The Bakken oil field will change ND forever, and it's just now beginning to be seen.
Man, I'm going to bed. I speak at the IA FB meeting on Thursday.