The world today

Hi all with the war go on I am just trying to get a handle on what is happening with the grain industry around the world here in New Zealand and in Canterbury we have just finished the most challenging harvest I can remember it has been a very wet summer / hail storms some of the ryegrass and clover crops have been abandoned and left to rot in the paddocks . Going in to the winter planting which is now farmers are struggling to know what to do the diesel prices have gone from $ 1.65 a litre to $ 3.70 since the war got started the price of wheat is $ 450-500 a ton and fertiliser prices are now starting to go up farmers are just not going to plant wheat . I read a report last week that Brazil has cut it’s wheat planting by 40% on two years ago for the same reason we are I am hearing mixed reports of Australia were farmers are find it hard to get the diesel they need for planting would love someone from Australia to chime in with there thoughts .what is the grain industry doing in the USA and are we heading for a world wheat shortage.

My prediction; There is going to be a 'correction' in the ag business, here in the states anyway. You can not have input costs this high with commodity and land prices where they are. The coop's seem  completely unapologetic about it. They quoted me $200/acre to put on dry fertilizer! Think about that, that's 50 bushels of 4 dollar/bushel corn per acre to pay for that 1 input! Last year, between the wind and the Southern Rust my corn made about 165 BPA. That dry fertilizer. is going to eat 1/3 of the yield.