ADM Farm Direct Fertilizer Report

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Call Summary:

  • The USDA report showed some concerns but remained mostly unchanged with lower inventories carried forward. A tight supply situation and market could be softer in the near term.
  • Nitrogen pricing has started to move higher across the board in response to nitrogen plants shutting down and having trouble running—will look to imports to fill the gaps in supply for spring season.
  • Potash prices are expected to remain firm into the summer fill period.
  • Listen to the recording to hear more about Spring 2021 nitrogen, and Fall 2021 potash recommendations.

Our next conference call is scheduled for Wednesday, June 16. We hope you can join us.

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