Fertilizer prices are dropping!

[wade]

We used to have a dealer that would price protect us. The dealership has changed hands two times since then- Agrium owned now.
I know that "way back when" , it happened a time or two.
Now-a-days a smart marketer (not me) can lock in fert. prices, profitable grain prices, and a portion of production. Some guys can even buy water which is usually the limiting factor.
We are in the situation of buying at year-end-usually most of it is NH3 applied. Most years it is cheaper but not always! This may be one of "those years".

[Hopperbin]

POT, AGU, MOS, YARIY, all down hard today in the 2 percent range. Some testing and some well surpased yearly lows. I guess anyone speculating in the fertilizer manufacturer shares in hind site was short sited as the worlds fertilizer prices have been dropping.
Is there another stock symbol for Yari?

[mbratrud]

Bought Liquid Earlier on, but have been waiting on Dry. World prices have come off by close to $50 per tonne over past couple weeks. Certainly worth waiting to see what happens in Europe I think? One thing forsure you don't want to be long Canola and Fert, but if short Canola more comfortable with prebuys.

[bobofthenorth]

I don't know how to post a graphic on this board but nitrogen swap settlements have been trending lower since August. That's unusual over a 10 year time frame but not unusual for the last few years. If you need the tax write off then I'd buy P and wait on the N. If you're speculating I think there's better bets.

[furrowtickler]

Check out "fertilizerworks.com" Dec 9th. I was just told today that UAN is short and will not go down - well it is nice to have internet info, lol.