Is $20 Canola Coming? + Should You Buy Fertilizer for 2027? - What The Futures Episode 140

Fertilizer markets remain volatile, but are current urea prices an opportunity for farmers to start locking in their 2027 needs? On Episode 140 of the What The Futures Podcast, Ryan Denis is joined by fertilizer market expert Josh Linville to break down what’s happening in global fertilizer markets and what it could mean for farmers heading into 2027. Ryan recently had a second chance to lock in urea at a price established back in June — roughly $75/tonne below comparable current offers. Was buying it the right move? Josh explains why urea prices have been moving so aggressively, how China’s return to the export market is affecting global supply, and why India, Brazil and geopolitical uncertainty around the Strait of Hormuz continue to create major volatility. They also discuss phosphate markets, global sulfur supply, the new CME urea futures contract and whether farmers should consider locking in fertilizer for 2027. Plus, Ryan dives into the grain markets as harvest gets underway. Canola and wheat basis levels are beginning to improve, futures are moving higher, and buyers are showing more interest. Could the crop marketing environment be shifting from defensive to bullish? In this episode: - Should farmers buy urea and fertilizer for 2027? - Josh Linville’s outlook for fertilizer prices - Why China’s fertilizer exports matter - India’s impact on global urea demand - Strait of Hormuz and global fertilizer supply risks - Phosphate and sulfur supply concerns - Using CME urea futures as a risk-management tool - Canola and wheat basis improvement - Why farmers should shop grain bids between elevators - Negotiating better canola basis levels - Third-party grain grading during harvest - Crop marketing strategies for the 2026 harvest Subscribe to What The Futures for weekly conversations about crop marketing, grain prices, fertilizer markets and better farm business decisions. #Fertilizer #Urea #CropMarketing #Canola #GrainMarkets #Farming #Agriculture #CanadianAgriculture #Wheat #WhatTheFutures Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/ https://x.com/wtfuturespod Email Ryan: ryan@whatthefuturespodcast.ca What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/