"So far, however, there are few signs of panic. Indeed, some...

"So far, however, there are few signs of panic. Indeed, some countries have been putting off purchases in the hope that prices may fall, traders say. “They are just hoping they can temper their purchases until expectations of another harvest,” says Keith Flury, agricultural commodities analyst at Rabobank."

He who hesitates will pay a far higher price. I can't conceive how price of grains will fall for at least another 14 months. Re fert stks... ELM could double in a couple of days but is high-risk. STB even higher risk imo.