Slack: C09VCM0PX5H/ts:1773566192.6490

Author: Stuart Hardy Date: 2026-04-07 Type: slack Evidence: 1 Themes: 1

iran-hormuz-cascading-supply-shock

🟢 [E2137] Have professional involvement in Wheat/Barley markets. Personal view is 9 month lag as it's not supply shock like Ukraine - if reduced supply it's because people can't afford fertiliser and reduce plantings. Fert prices: Urea circa £590t April, AN circa £490t April. Sentiment remains firm.
supporting · 2026-04-07