Energy Price Spikes and Plant Closures in Europe; Impact Here at Home

Over the past week, we have seen energy prices in Europe continue to move higher with some price spikes in parts of Europe for natural gas. This amid more shutdowns coming of the Nord Stream 1 pipeline from Russia to Europe and other factors. This is leading to many fertilizer plant closures that could impact global supplies heading into fall and 2023. Josh Linville, Vice President of Fertilizer at StoneX, joined Jesse Allen on Wednesday’s Market Talk to discuss the situation. They talk about the potential impacts here at home and whether or not you should be looking to lock in your fall fertilizer needs now or wait.

Also, here at home we continue to see retail fertilizer prices move lower for the time being. Read more about this week’s price action tracked by DTN/Progressive Farmer: