Submitted by rickert1337 t3_11cqnyg in wallstreetbets
jojoyahoo t1_ja5jm36 wrote
Reply to comment by JohnnyFnCliche in Start of the soft landing? by rickert1337
That only explains a small portion of it. It's not like all farmers in the world hold hands and lock in potash and ammonia futures at the same price on the same day.
These contracts are constantly being bought, delivered, and sold, so while it lags the spot rate, it's not unrelated.
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