Do we have enough product to go around for the demand that's out there right now? And with commodity prices better now than they were, say, in mid-August, does that mean even more demand related to fertility? Graham Utter with GrowMark.

The applications are heavy.

I think, uh, there was, there was a point there where when you look at the ratio of grain price to fertilizer prices, on potash in particular, um, we were up in the high 90th percentile, which, you know, is telling, telling us that potash was a good value, and I think farmers are, are recognizing that and taking advantage of it with some of the higher application rates we're seeing this year.

That leads to a little bit of a concern, though, because our forecasts for both phosphate and potash was really similar to last year, but everything we see going out the door is telling us that we're, we're gonna need more supply than what we had last year.

Well, I think about other scenarios where you say, "Well, let's see how this plays out, and maybe the price will go down and I'll come in and buy it later." Uh, if you're concerned about having enough supply, and if I wait too long, it, you know, may not matter what the price is at that point if there's nothing around.

Uh, that's right on.

And, you know, there's, uh, I, I think there's a, a certain thought, like you said, of waiting until maybe this, the strait opens up and we start to see more fertilizer movement out of that area, particularly related to phosphate and sulfur prices.

And even if those things happen, I mean, the, the product still has to be manufactured and transported to where it needs to go, so that's a, that's a, a long chain of events to happen.

And are there some immediate needs that would, I guess, be top priority? And how are we doing with those immediate needs?

Well, to, to just give a little overview, I mean, farmers know this, but corn prices have, you know, the...

If we look at fall contracts, I think they had a low around 4.20, and they got up into the 5.40s, so we saw a real nice move on corn.

Now we've backed off.

We're around $5 probably today.

Um, soybeans, the low of the contract was around 10.60, and today we're around $13.

So we've seen, uh, a nice appreciation in the grain price, which I think leads to, um, more application of fertilizer this season.

... on August 11, and if you would've asked me on September 2, I'd have given you two totally different answers, and that's- Three weeks apart