Some encouraging news for farmers on fertilizer...

Farmers are busy pricing out and lining up crop inputs for spring seeding.

The rising cost of fertilizer and supply chain challenges has been an increasing concern for producers, especially over the last couple of years.

StoneX is a global financial services organization focusing on commercial hedging, global payments, securities, physical commodities, foreign trade and clearing and execution services.

Josh Linville, vice president of Fertilizer at StoneX says when it comes to fertilizer this year, he doesn't believe we'll see a supply shortage.

"I think the worst-case scenarios are behind us. I think there could be some in season if we wait till just in time. I think the product will be around, it just may not be at the right place at the exact right time. But the whole worry about oh there's not enough to go around, I'm no longer in that camp."

Russia still continues to reduce natural gas flows to Europe, while the demand for natural gas in Europe remains much higher than normal.

Linville says that their nitrogen production is lower, and if you lower global supplies, prices go up.