CHS Hedging Commodity Fertilizer Broker Chris Short says fertilizer prices are starting to move lower as a wave of imports are being unloaded at Gulf Ports. “Urea prices are lower. There are still massive imports coming into the Gulf at the end of February and into April.” Short says imports and the current lack of demand will keep fertilizer prices in check until demand picks up in the spring. “Long-term, we’re not sure of the direction on all of these things. There are excellent imports in the next eight weeks of urea and phosphorus. If we do get a really wet spring, we may push prices lower if there’s not demand we don’t have open spots to put stuff.”
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