Shift In Some Fertilizer Pricing Trends

The general trend of fertilizer prices through the third quarter was down. The Pro Farmer Inputs Monitor Nutrient Composite Index (NCI) fell 5.2% during the quarter to post a five-year low in the last week of September. Anhydrous ammonia was the downside leader, and nitrogen prices through the quarter all followed the downward trend in close formation. However had phosphates, including DAP and MAP, fallen in kind, the NCI would have fallen much farther. Meanwhile, potash prices maintained a sideways trajectory, also limiting pressure.

As the third quarter unwound, we began to note a significant fundamental change that bodes well for anhydrous ammonia users going forward. In years past, imported urea had been the driver of nitrogen prices including NH3 and UAN. By mid-September, urea began to show signs of firming. Historically, that has been a sign anhydrous and UAN were set to firm as well. But as urea forged a clear uptrend, anhydrous ammonia accelerated to the downside. That decoupling suggests domestic nitrogen production has the power to trump the influence of higher-priced imported nitrogen.

Compared to expected new-crop corn revenue based on December 2018 futures, all of the fertilizers in this survey spent the entirety of the third quarter at a sharp discount. That discount means that fertilizer prices will help keep a lid on 2017-18 production costs, especially for producers who apply nutrients in the fall or locked in at least a portion of spring needs at the September low.


Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
Submitted by sher on Sun, 02/25/2018 - 03:39

There is the place where you can get the idea about the nutrient index and the record of the prices at the same place. So don't waste your time and get the idea about the pricing. With the reviews you can add the extra features in your work.

Submitted by Robinmax on Thu, 04/05/2018 - 06:53

Greatly composed article, if just all bloggers offered the same substance as you, the web would be a much better place.
Avriq India

Submitted by Judith J. Switzer on Fri, 04/06/2018 - 05:52

There are a number of places with all the provider, nonetheless very likely of those critical faculties is firm calling. Get Data Out-of a Jonathon Karelse and Ideas.

Submitted by Bill Jenkins on Fri, 06/15/2018 - 08:59

WritingPaperSucks is the first uncensored paper writing review site on the Internet. I do my own research on different writing services, place some orders there and share my feedback with you. If you looking essay writing service reviews welcome to WritingPaperSucks!

Submitted by John32 on Mon, 06/18/2018 - 15:24

Our mission statement is to assist you every step of the way in writing you essay. If you need paper grader, use Scamfighter free paper grader By using our portal, you can rest assured that you will recive quality help with writing your essay.