Deven Foster

We are officially 1 week into the war on Iran. Fertilizer markets have seen fundamental shifts to prices and supplies. The most important thing farmers can do: TALK TO YOUR LOCAL SUPPLIER. Global markets matter but more important is your local marketplace.

@realDonaldTrump and @SecRollins The situation in the Middle East could not make a stronger case for more nitrogen fertilizer production in the U.S.. We are highly reliant on imports for our nitrogen needs. We can produce this here at home. American farmers need help.

Updated fertilizer/corn ratio charts are...not looking good. For this week of the year: Urea - 3rd highest/worst in history UAN - 2nd highest/worst in history DAP - highest in history Potash - STILL SOLID Good thing the U.S. gov't has provided loans for increased...potash.

Let me start by saying that NH3 is not cheap. However, NH3 is currently well priced vs urea and UAN. If you are going to need/use NH3 this spring (at least preplant), it is worth a conversation. Starting to feel like just a matter of time before NH3 reacts...higher.

Remember that high grain prices are great, but it does not always make for a better marketing situation: Early 2022 Urea was $910 / corn $7.49 Took 121 bushels of corn to pay for a ton of urea Today Urea is $375 and corn $4.22 Takes 89 bushels Today costs 32 bushels less.