Nervous Fertilizer Markets

Tariffs have dominated the market headlines and the fertilizer markets were no exception. “Right now, the market is fearful,” said Josh Linville, vice president of fertilizer, StoneX. “It doesn’t know what to think or how things are going to change. There are a lot of questions and very few answers so that’s creating a very nervous emotional marketplace.” Most of the spring fertilizer needs were filled before the current tariff drama. Linville said the timing of these tariffs could have been worse. “Had this started on a global scale back in February (or) January, that would have been in my book the worst-case scenario because that’s when everybody starts to ramp up. That’s when everything really starts to hit the fan.”