Farmers locking in fall fertilizer
Farmers are locking in fall fertilizer with prices well below year-ago levels.
CHS CEO Jay Debertin tells Brownfield.
“People are locking in some fall pricing at some very attractive numbers in their view. Spring work is done, side dress is done for the most part, and now people are just looking at fall business and locking it in.”
He suggests the fertilizer market continues to be cyclical.
“Frankly, fertilizer was on a one-way track for most of last year. And the market did what it always seems to do is it finally gets ahead of itself and demand starts getting impact and supply keeps being pushed, and that market tips over.”
DTN says prices for all commercial fertilizers are anywhere from 20 to 50 percent lower compared to 2022.