Countervailing Duties, Fertilizer Market Woes, & Best Concerts

We’re not sure if he’s famous or infamous, but we’re glad he’s here even though he’s bringing a lot of bad news.  Josh Linville returns to join hosts Jeff Jarrett and Sal Sama for this episode of The High Ground powered by Premier Companies.  Though you may remember him as Jeff’s most famous friend, Josh is also the Vice President of Fertilizer at StoneX.Josh, Jeff, and Sal dig into what has caused the fertilizer market to struggle so much this year.  You’ll hear about how low inventories, import and export issues, and spring production issues have combined to cause the perfect storm within the industry.  They’ll talk specifically about the high Diammonium Phosphate (DAP) prices and why they think there’s no reason to anticipate correction before summer.  They’ll also discuss the countervailing duties on phosphate fertilizers and why there’s reason to believe this won’t stay tough forever.  Until that time, like Josh says, “This will be probably the biggest standoff we have ever seen between buyers and sellers…”