Fertilizer prices have been following a counter-seasonal trend. Typically, those prices hit lows in the summer months. StoneX fertilizer analyst Josh Linville says that hasn’t been the case this year. “A lot of production in the nitrogen sector was lost here in North America due to Hurricane Ida,” explains Linville. “In Europe, a lot of production has been lost and will continue to be until natural gas prices drop back off again. China is the biggest producer of urea and phosphate, and their government is starting to halt exports.” Unfortunately, Linville thinks there is still more bullishness left in the fertilizer market. Nitrogen, phosphate and potash supplies are all extremely tight. “The supply issues still outweigh demand issues we might have. We need to lean into this thing because logistical issues could get worse this winter and spring.” If a farmer is uncomfortable buying the product now, Linville thinks it’s at least a good idea to have a conversation with their supplier. Listen to the interview.