ADM Farm Direct Fertilizer Report
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- The USDA report was a disappointment to traders—anticipated reduced corn number. Now, market seems to be waiting on more news to feed the bull.
- Imported phosphate duties adjusted to 9% – 47%. The ITC will review DOC’s final number and the final decision will come March 25. If they approve the decision, the new duties will be imposed by April 1.
- Overall, interior U.S. pricing has started to move higher across most commodities.
- Listen to the recording to hear more about Spring 2021, Fall 2021, and Spring 2022 recommendations.
Our next conference call is scheduled for Wednesday, March 10. We hope you can join us.
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