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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Reduced driver supply may increase freight costs this season.
Overall, the report suggests a shift toward more comfortable supply levels, with demand emerging as a key factor to watch in the months ahead.
Lower shipping costs favor corn, while soybeans face pressure.
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