Fertilizer plummeting from high.

[SASKFARMER3]

Oct 16, 08 830 340 494 1943

Oct 23, 08 498 305 475 1943

Oct 30, 08 360 280 484 1943

[SASKFARMER3]

http://www.fertilizerworks.com/fertreport/pdf/2008/TheMarket-103108.pdf

[gustgd]

FNA called they were at 755 tonne pay now product in country. pick up/ delivery Nov.
I never bought but this is lowest so far in Davidson area.

At what prices will others start committing?
Where should it be in others opinions?

[makar]

Pioneer just quoted me $900 for 46 because although their cost has not gone down they are matching a competitor. This is in the peace country. I doubt anyone is biting.

[mcfarms]

It's going to take someone finding a small independant ( are there any left) that haven't filled their shed and are willing to go against the crowd to break this thing lower. Lacombe fertilizer is one of the few elephant brand suppliers left and may be a good candidate to talk too. Make sure to keep posting prices locally here. They haven't moved much here maybe 10 dollars down but interesting to note that as of last week their were only a handful putting down fall n may mean logistical issues in the spring though many have on farm storage for dry now. One thing to add the baltic dry index is down almost 90 percent off it's highs not only should that support exports but it should allow offshore products to get here cheaper. If there was ever a chance for FNA to shine this is the year we'll see if they are up to the task.

[agstar77]

I was told by a local supplier that the farmers who locked in prices during the summer have signaled to to the suppliers that they were willing to pay high prices so they don't want to lower them. We will see.