After watching fertilizer prices fall sharply on international markets, manufacturers around the world are cutting back production in response to lower demand. The latest moves come as producers wrap up harvest in the Midwest and try to decide whether to book expensive inputs for the 2009 corn crop.
Farm level prices remain at history highs as international prices fall, but that may be about to change. At last one major supplier in the eastern Corn Belt has said it will be forced to write down certain inventories due to weaker prices.
You can learn more in the most recent Weekly Fertilizer Review HERE.
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