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11/18/2020

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Call Summary:

• 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.

Recommendations:

• 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