Yes it does. probably more than uk wheats on a ton for ton basis. Some varieties are more efficient than others but our grow season is short so it needs pushing to achieve its yield and protein. Average in this area would be 120 units plus residual N to get you 50 -55 bushels of 14% wheat. 36.74 bushels to a ton. Some dryer areas will use less but yield less too. Protein is made from late season N and sunshine and a dry harvest.
whys it not in orbit already? surely the markets must start pricing in that less fert will be applied in the coming year and a shortage is looming?
A more normal weather pattern around the globe will produce a surplus despite a bit of N deduction, big wheat producing countries make the N
They aren’t that smart. They buy maize and soya at the top of the market to rebuild their own stocks rather than when the price is low. Perhaps the bureaucracy makes the decision process too slow.
Maybe this is the new low.
Smart enough to produce their own fertilizer though.
They are the 3rd biggest country in the world, the biggest population and one of the biggest economies. They would have to be truly daft not to… yet they close factories down at the stroke of a pen when they decide to move the environmental goalposts. Please convince me as to how they are really smart.
It’s a capitalist world they could buy and sell the UK many times over. How else are these judgements made these days?
They own a lot of the Treasury bonds written for QE, therefore they do own a stake in us already. They still make irrational decisions but that’s politics for you.
Yes we should have built an alternative such as nuclear before switching the gas off.
Agree. I don't get it why 2022 harvest prices are lagging. The speculators will cotton on soon.
Per tonne they do need to use n to get protein
165 in July was rediculusly low consumers should have secured some supply
I imagine they did, as it had dropped about £25 from the previous few months.
