I think you hit it right on the button.
Good fundamentals to harvest here. Record acres of corn, plant expansion, front running orders, somewhat vertical integration...
Listening for the squeal of glee from your corner when the market realizes she's walkin in high cotton and fair value is 30.
When the market corrects, I hope it is by sector rather than blind broadness.
even today, a week later, Uan is screaming "buy."! same with their refiner CVRR
Good call. Alot of the time agriculture does not follow the stock market, therefore ag related stocks can act differently and somtimes opposite of the stock market. Look at the previous 2 years. Agriculture was hot while the rest of the economy sucked. Added to my position as well. Not sure why it actually was below 24 other than the last quarter div was reduced. But that should be in the past now and only up from here for the rest of the year.
I was holding out for a dip below 23 but earnings are near and not likely to happen.
So I am layering in, and if the bull raid[that's where bulls in bear costumes drive the price down for their accumulation] does not occur, then the rest of my powder gets spent.