Ariana Milin's questions to Nutrien Ltd (NTR) leadership • Q2 2025
Question
Ariana Milin from CIBC Capital Markets asked if relatively favorable ammonia pricing could lead to a shift toward more direct ammonia application in North America during the fall season.
Answer
EVP & Chief Commercial Officer Chris Reynolds stated that the company does not anticipate a material shift in the nitrogen product mix this fall. He explained that a move to fall-applied ammonia would require an early commitment to planting corn, which growers often decide later. He did note, however, that low UAN inventories could lead to price strength for that product.