ADM Farm Direct Fertilizer Report
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- Grain export markets have been exciting along with domestic demand despite Covid challenges – market continues to rally higher.
- 2021 will be watching for acreage switch – will growers plant corn or beans?
- South America has had some challenges with weather – continued support for U.S. products
- NH3, P & K are being applied this fall with great weather and grain prices.
- Nearby prices are increasing due to high demand and lower inventory in the U.S. system.
- Nitrogen: 100% covered on spring UREA/100% covered on UAN for spring
- Phosphate: 100% covered on needs
- Potash: 100% covered on needs
- Sulfate: Don’t see downside today, may stay sideways into spring
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