Demand overall will be strong due to more acres in production in 1998. Book nitrogen and potash now for spring before prices rise further, advises Pottorff. Glen Buckley, chief economist at CF Industries, says nitrogen prices are too uncertain to know when to buy due to the export market and additional world capacity. Phosphate prices remain flat and should hold until spring, so you can wait until then to buy. Upside risk between now and spring due to finite supply and increased global demand, especially in southeast Asia.
Market is extremely volatile-book now for spring.
Budget wisely for only what you need. Delay renegotiating rent if you can. Of course, these projections may vary by area. They concluded that while feed grains and value-added products will most likely suffer losses in Asian markets, wheat exports should only be off slightly. Pakistan will continue to increase imports as their population growth excels.