ORGANISATION · US · NAICS 522298 All other nondepository credit intermediation
CoBank, ACB
www.cobank.com · 2 documented exposures in the atlas.
Illinois fall anhydrous ammonia: a warm, late-drying fall with barge receipts in their usual range, autumn 2026
Exposed · Financial, remote · deduced · Drought, 2026-10-29
“Our customers include agribusinesses and food companies, rural electric and water, telecommunications and digital infrastructure providers, Farm Credit associations and energy companies that serve rural communities nationwide.” — source, 2026-11-09
The standing About page lists agribusinesses and Farm Credit associations among CoBank's customers, which places it as a lender to the farm-supply side of the chain. Inferred: farm-supply cooperatives that bought fall ammonia at about 981 USD per short ton and cannot apply it carry that inventory, and the borrowing behind it, into spring 2027. Whether CoBank finances any named Illinois retailer is not shown.
Series concerned: il-anhydrous-usd-st · read the edition →
US phosphate: Mosaic curtails, citing limited affordable sulfur; US sulfur and phosphate exports are up in 2026
Adjacent · Financial, remote · evidenced · Supply shock, 2026-11-03
“That makes this a longer-duration risk for U.S. agricultural retailers, who must secure enough supply for farmers without overcommitting to high-priced inventory if demand weakens.” — source, 2026-11-13
The bank's August 2026 report states the inventory risk for farm retailers and names ammonia and sulfur as the two largest variable costs of phosphate production. Inferred: as a lender to farm cooperatives it carries the financing of that inventory through the winter; the report does not state its own loan exposure.
Series concerned: il-dap-usd-st dap-usd-t · read the edition →
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