Bought all my dry fertilizer last fall for a $100 more, better safe than sorry. All fertilizer in the yard now so happy about that, no spring waiting.
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Cdn$ has been range bound 73-75 cents for a long time now. Its important no doubt - every 1/10 of a cent is a buck a tonne but I wouldn't hold my breath for a $45 move either. The closer we get to spring the more important logistics become. I'm not saying any nutrient will be short because I simply don't know what's in position. I think retail and on-farm inventories are lower than they were last year at this time but that's just my own personal WAG.Originally posted by dave4441 View PostUrea apparently $855/MT at ADM Lajord now.
Had one dealer tell me he thought $810 was just around the corner. If cad strengthens we could see it based on that alone.
We're in a ridiculous market where every nutrient is priced as an import regardless of whether it is or isn't. At some point the domestic manufacturers just say "Screw you - this is our price - take it or leave it" based simply on import logistics.
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World fertilizer market appears to be a coulda,shoulda, situation.
Big inventory but looking at the big prices in the mirror.
Commodities can be humbling.
Don't wait to long but don't get caught making someone else's mistakes yours.
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