The grain balance sheet was tight before Russia’s invasion of Ukraine due to strong global demand and lower South American crop production. As a result, the U.S. needs a good growing season. Supply chain shortages are a complicating factor. CHS CEO Jay Debertin is not worried about the company’s fertilizer situation. “A lot of fertilizer for CHS is in-transit or in sheds ready to go. We’re looking for good weather to improve, but we’re thankful we had a good, strong fall.” Drier crop growing areas, including the majority of South Dakota and western North Dakota, need moisture to make it a successful year. “Hopefully, the drought situation will turn around.” Hear the story.