During Wednesday’s RRFN seminar, StoneX Vice President of Fertilizer Josh Linville emphasized the need to look for marketing opportunities when locking in fertilizer prices. It can be useful to think of purchasing inputs in terms of a ratio of bushels/output, to dollars spent on fertilizer. “This summer that ratio was exceptionally low, we hadn’t see a ratio that low in over a decade.” Regarding logistics, Linville said retailers have invested in building bigger and more storage facilities to cut shipping costs. “It’s like building a church for Christmas and Easter. You’re building these sheds for November and March or April.” Click here to watch the full seminar: The Fertilizer Market: Where is it Going?
