Nitrogen fertilizer prices are averaging lower now than in any time since Sept. 2008, says farmdocDAILY. These lower prices could translate into roughly a US$10/acre saving in nitrogen fertilizer for the coming 2018 production year. Further savings may be possible for those farms who are applying above recommended nitrogen rates and are willing to cut fertilizer application rates.
Average anhydrous ammonia prices in Illinois are reported approximately twice a month in the [URL="https://www.ams.usda.gov/mnreports/gx_gr210.txt"]Illinois Production Cost Report[/URL], a publication of the Agricultural Marketing Service, an agency of the U.S. Department of Agriculture. In the November 10th report, the anhydrous ammonia price was reported at an average of $405 per ton, with an offer range from $343 per ton up to $440 per ton. Anhydrous ammonia prices have averaged $404 per ton during the months of September, October, and November of 2017.
The $404 per ton average in 2017 is considerably lower than fall prices in recent years. AMS has been reporting anhydrous ammonia prices since 2008 (see Figure 1). During the months of September, October, and November, average anhydrous ammonia prices contained in the Illinois Production Cost Report are:
2008: $1,134 per ton,
2009: $430 per ton,
2010: $683 per ton,
2011: $846 per ton,
2012: $848 per ton,
2013: $683 per ton,
2014: $719 per ton,
2015: $656 per ton,
2016: $504 per ton, and
2017: $404 per ton.
Wonder what Canadian Dealers are telling us.
Its going up buy buy BYE FARMERS.
Average anhydrous ammonia prices in Illinois are reported approximately twice a month in the [URL="https://www.ams.usda.gov/mnreports/gx_gr210.txt"]Illinois Production Cost Report[/URL], a publication of the Agricultural Marketing Service, an agency of the U.S. Department of Agriculture. In the November 10th report, the anhydrous ammonia price was reported at an average of $405 per ton, with an offer range from $343 per ton up to $440 per ton. Anhydrous ammonia prices have averaged $404 per ton during the months of September, October, and November of 2017.
The $404 per ton average in 2017 is considerably lower than fall prices in recent years. AMS has been reporting anhydrous ammonia prices since 2008 (see Figure 1). During the months of September, October, and November, average anhydrous ammonia prices contained in the Illinois Production Cost Report are:
2008: $1,134 per ton,
2009: $430 per ton,
2010: $683 per ton,
2011: $846 per ton,
2012: $848 per ton,
2013: $683 per ton,
2014: $719 per ton,
2015: $656 per ton,
2016: $504 per ton, and
2017: $404 per ton.
Wonder what Canadian Dealers are telling us.
Its going up buy buy BYE FARMERS.
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