Listen to the latest report

7/20/2022

If you’d like to call in and listen to the next report while it’s happening (live), sign up below for Fertilizer News and Information.

Call Summary:

Grain

• Supply concerns were the primary driver behind sharp market rallies.
• Higher prices and aggressive buying have reduced demand some.
• There is still demand out there to cover, but without it, markets may continue to soften.

Fertilizer

• Nitrogen
  • Consider locking in 25-50% of your urea for 2023.
  • Consider locking in 35-50% of your UAN needs now, but be aware of the energy complex impacting the market.
• Phosphate
  • There is still some time to buy, but don’t delay until November to pull the trigger for fall needs.
• Potash
  • There is still some time to buy, but don’t delay until November to pull the trigger for fall needs.
• Sulfate
  • There is time to buy on sulfate. Prices have reset and there are opportunities to lock in better values.
• Fertilizer movement from China remains a huge factor. We’ve seen the floor price of energy move up a little bit in China, and while tons are starting to flow out, that could change quickly with inflation.
• Hand-to-mouth buying occurring in every region is allowing the system to carry less risk, but we’ll see a quicker spike in prices because of lack of inventory being carried throughout the global market.

Our next conference call will be August 17. We hope you can join us.