ADM Farm Direct Fertilizer Report

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9/22/2021

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Call Summary:

Grain

  • Hurricane Ida impacts linger, and offers out of export facilities will come as facilities come online in coming weeks

 

Fertilizer

  • Western Europe natural gas prices high, CF has idled 2 plants
  • Lock in margins, prices are too high and volatile to predict, overall very firm tone in the market
  • Historical highs on all fertilizer products, but supply outlooks remain tight into 2nd quarter

 

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