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Central Missouri | The black sea agreement is way different than the china trade war agreement. Mainly because it is at a different point in the market cycle but also is way smaller in scope of consequences.
China trade war agreement occurred during a time of abundance and low prices and the conclusion of that agreement kicked off the move to high prices. Production worldwide was constrained by low prices at the time.
Black sea agreement is during times of high prices with no constraints, outside of ukraine, on production except for weather. High prices and lack of production constraints will bring us low prices. Every producer should be preparing their business for this.
Edited by ehoff 3/19/2023 06:00
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Black sea agreement
