Global Uncertainty Keeps Fertilizer Prices Elevated

StoneX Vice President of Fertilizer Josh Linville says global instability continues to shake up the fertilizer market, resulting in high prices at a time when farmers are starting to plan out their fall applications. “That’s where a lot of frustration lies.” China remains the X factor. “All of a sudden, we’re seeing a lot of tons hitting the global market,” said Linville. “The market bulls are going to look at that and say that even if China shipped 4.25 million tons, that’s still shy of what they would normally export. That is still leaving a supply hole, and that storyline is absolutely true. On the flip side, 4.25 million tons is a significant improvement over last year.”