As farmers prepare for the next growing season, fertilizer analysts are monitoring supplies. They have found several differences in key chemicals.
Analysts say potash will be in good supply next year. Josh Linville with StoneX says supplies have been steady from Belarus and Russia, allowing them to flood the market, and that is despite sanctions placed on Russia after they invaded Ukraine.
The potash market this year was able to get by without many disruptions, a move that has put it in a good place for the upcoming season.
Analysts with DTN say concerns will likely continue in the phosphorus market for some time, well into next year.
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Higher placements lifted feedlot inventories, but slower marketings point to continued tightness in finished cattle movement.
England Cattle Co. in Mercedes, Texas, is coming off a highly successful production sale.
China remains critical to U.S. farm exports, but Brazil’s growing market share keeps pressure on U.S. soybean demand.
Tight cattle supplies should keep beef prices supported, while dairy, pork, and poultry are poised for greater production growth.
China’s pledge is supportive, but producers need confirmed sales and shipments before counting it as stronger export demand.
