The ag sector is keeping a close eye on the fertilizer market amid tensions in the Middle East. Global nitrogen values started to rise following events earlier this week, which comes following months of tight supply.
Josh Linville with StoneX spoke with RFD-TV’s own Suzanne Alexander on the impact so far, tensions in the Middle East, and ripple effects felt by the U.S. port strike.
Related Stories
Extends Program Application Deadline to August 12
RFA President and CEO Geoff Cooper joined us to discuss the proposed E15 amendment in the Farm Bill, industry reaction to the legislation, and the outlook for year-round E15 sales.
USDA Secretary Brooke Rollins plans a farm visit in Missouri, hinting at a possible fertilizer relief announcement on RFD-TV earlier this week. USDA also restructures its research infrastructure and launches new food-safety centers.
Dry conditions have severely impacted key winter wheat states with persistent moisture deficits. As quality declines, analysts warn some crops may be lost despite upcoming rain.
Rising ethanol stocks and softer gasoline demand bear watching, but stronger blending activity and exports offered some support.
Rising poultry supply is pressuring prices despite steady demand.