Current N pricing

[furrowtickler]

A wage earner would totally panic if they worked all year only to lose money .
Done that severe times over the past 30 years
sometimes a few years in a row

[jdg364]

Does anyone know much about Johnstons tsp (Moroccan phos)? It’s being quoted $1225/mt for SK, direct to farm.

[jdg364]

No one has answered my question if the GrainCo's make the sale before they've bought the grain from farmers. How can you sell something you physically don't own or know what you have to pay before you sell it forward? Unless it's all based on futures pricing, calls and puts...

This is how it was explained to me, regarding how the large grainco’s buy/sell grain.

These companies are so large that they are always buying some grain and they know the grain will come to them eventually. Therefore they can make sales whenever the basis makes sense. They don’t worry about the futures price as they can use the futures to hedge their risk.

It’s riskier regarding smaller commodities (barley, peas, lentils and flax) where there are no futures to hedge against. The graincos have to buy a certain amount at a price they feel comfortable at (get long), make the sale and then cover that sale in at whatever the market will be.

This is very high level and not detailed as their are other things that I wouldn’t even think of.

[TASFarms]

Does anyone know much about Johnstons tsp (Moroccan phos)? It’s being quoted $1225/mt for SK, direct to farm.

This comes to mind.
[url]https://youtu.be/JF6BIn9rkek?si=xN2ntlf7Lu4P-qRQ[/url]
some how I think in the wheat board days they knew about it.

[blueversi]

Called my NH3 dealer last Friday looking for a price. He said they were working on a price and would let me know early this week.
Still waiting.

I don’t use NH3, so being this dry won’t significant rain be needed before fall application would make sense? Otherwise lots will gas off?

[seldomseen]

Got a price yesterday. .73lb actual with tank and delivery. Up considerably from the past few years.
Some falls it’s too dry to put on but most years it rains in the fall. Once the crop drys down and nothing is using water it doesn’t take much rain and the fields will be wet again.

[mcfarms]

Urea up a further 20 phosphate 25
Not good