Urea and Phos prices

[jamesb]

I need to finish up with more fert purchases soon.
Yesterdays best bids : 46-0-0---$725
11-52-0 --- $1105
any better bids out there?

[bucket]

There are many questions to fertilizer pricing.

Retails were using the excuse of high prices in Europe due to natgas pricing?

Then they used freight?

Now they talk about the Mississippi?

If Urea is coming from Belle Plaine Sk why are those factors?

latest pricing internationally has Urea at 300-350 USD per MT . The math doesn't work for it to be at 725 other than the retail is averaging down their pricing to keep making sales of some product they didn't move at 1000/MT

When do farm groups actually ask for a look into collusionary practices throughout the system.

Politicians like to talk about costs to food, yet won't look at the factors . Its fine to say fertilizer prices are high causing food inflation and yet I have never been able to pass on those expenses.

[jamesb]

There are many questions to fertilizer pricing.

Retails were using the excuse of high prices in Europe due to natgas pricing?

Then they used freight?

Now they talk about the Mississippi?

If Urea is coming from Belle Plaine Sk why are those factors?

latest pricing internationally has Urea at 300-350 USD per MT . The math doesn't work for it to be at 725 other than the retail is averaging down their pricing to keep making sales of some product they didn't move at 1000/MT

When do farm groups actually ask for a look into collusionary practices throughout the system.

Politicians like to talk about costs to food, yet won't look at the factors . Its fine to say fertilizer prices are high causing food inflation and yet I have never been able to pass on those expenses.

After the fireworks in the Urea market in the past 18 months I have spent a lot more time price watching. I have learnt lots from following Josh Linville on Twitter and Larry's newsletter. Seems few want dealers to hold inventory with the risk of price changes. For me the big take away currently is the Urea to new crop grain ratio these days. Its a hell of a lot better this year than a year ago.

[jazz]

Got hosed filling the bins this past fall.

A guy should look at locking in some production because commodities might get a reversion to mean shock too.

[bucket]

Does fertilizer still work if it doesn't rain? Last year the fertilizer didn't break down. I was picking urea and phos prills in the ground in September.

Sub soil moisture is lower now than anytime that I can remember.

Soil moisture was low going into 2022, and its worse now in 2023. In this area.

[dave4441]

Got hosed filling the bins this past fall.

A guy should look at locking in some production because commodities might get a reversion to mean shock too.

Fert is falling because grain prices are already falling and have been for months.

I am getting quoted $750/MT SW Sask for 46-0-0 and closer to $800 on potash. I am close to booking all my needs. I have been holding for a reversal on the USD/CAD but CAD is getting weaker.

11-55-0 at $1150/MT locally.

[TASFarms]

A quote that I keep thinking about is from Gary Zimmer
If I could be president of the US I would make Nitrogen fertilizer expensive. That way you learn how grow/make your own.

For the guys that bought fertilizer already I gave them a big thanks for buying up the high price supply

[jazz]

If Trudeau is coming for fert emissions caps, why wouldnt I buy 10 bins and fill them this summer and remove that risk.

Cant tax what I have already bought.

[furrowtickler]

How exactly do the liberal clowns plan on reducing fert and or emissions by 30% ?
Or is it just virtue signalling again like promising First Nations clean water for 6 years while giving billions away to other countries??

[seldomseen]

I guess in NE Sask we pay more for most things.

Urea 850
Phos 1220
MES 1205
Fines 585

These Prices were quoted Feb 9