Fertilizer prices hinge somewhat on weather
Nov 17, 2008 4:52 PM
Spring nitrogen prices hinge on how much farmers are able to apply this fall, says Joe Dillier, Growmark. “We need two seasons to apply all of the fertilizer we use,” he says.”If weather delays that, and not much product moves this fall, there will be a massive premium for storage.”
“We will see some pressure from peak fertilizer prices, but not as much as farmers might think – there are logistical concerns.”
“World ocean freight rates are down 28% from their peak, and that will help prices.
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