CHS Hedging Director of Producer Brokerage Kent Beadle thinks many U.S. farmers already locked in their fertilizer needs for spring. “The combination of higher incomes made it wise for farmers for tax purposes to try and get some of those input costs locked-in and paid for. In general, I’d say the American farmer probably has more fertilizer purchased than in the past.” Flex acres are the exception. Beadle is eager to see what happens with U.S. corn acres. “Right now, giving up three million acres to soybeans would tighten up the corn balance sheet.”
