Despite turmoil, Russia has still been able to export fertilizer products at higher rates than anticipated. StoneX Director of Fertilizer Josh Linville says news of India making big urea purchases and China slowing down exports has caused markets to jump. Protecting prices or input costs can be complicated. Linville says when you buy an input, sell an output. “If you’re buying fertilizer, sell some grain. That’s the best way to lock in value and not have nearly as much risk on the table as you would just doing one side or the other.” Keeping in touch with your retailer is also important with some continued supply chain uncertainty. “The days of showing up on the doorstep thinking product is just going to be sitting there waiting, I don’t want to say it can’t happen, it’s just more and more difficult.” Listen to Linville at the Big Iron Farm Show on the Red River Farm Network stage, Wednesday, September 13th at 10:30 a.m.
