ADM Farm Direct Fertilizer Report

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7/28/2021

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Continued volatility in the grain markets on both the board and basis as we move forward.
Anti-dumping claim on UAN and potential proposed duties could effect the Nitrogen market into March of 2022.
Continue to see potash tightness this fall driven by mine shutdowns.
Phosphates for fall will be tight. Spring may provide an opportunity to buy better.

Our next conference call is scheduled for Wednesday, August 25. We hope you can join us.

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