Dicall69 schreef op 1 juli 2019 17:33:
Het geweldige nieuws rondom de kunstmestsector blijft maar komen !!!
www.farmprogress.com/story-weekly-fer...Fertilizer Outlook - It’s time to book nitrogen
Higher corn prices could make fertilizer more expensive in 2020
Bryce Knorr | Jun 28, 2019
After a disastrous fall and spring application season, fertilizer may be the last topic growers want to think about. But it’s time to get serious about booking supplies for 2020, when prices could be higher if corn acres expand as expected.
Ammonia is trading near two-year lows at wholesale markets on weak demand from farmers who were unable to use it in 2019. While retail prices stayed stubbornly high this spring, costs at the Gulf dropped steadily, dipping another $5 to just $195 a short ton for settlement of July contracts. In a perfect world that suggests average retail costs around $410 right now for growers with on-farm storage, with the best deals coming near plants on the southern Plains. Fall pre-pay looks like it should run about $50 higher than that, though prices will vary depending on transportation costs and competition in the local market. A few price sheets are starting to reset with price drops far less than the decline at the wholesale level, but more reductions are likely.
Urea typically bottoms before ammonia and that’s likely happened again this year at least on international markets. Some farmers turned to urea as their nitrogen source this year but that demand is over, so retail prices are beginning to pull back too. With prices at the Gulf running around $250, big reductions at the retail level may not be coming but some dealers on the Plains are below $400 already. The tone of the international market will be set in the coming week when India closes its fourth tender of the year. Heavy selling by Chinese supplies could knock the market for a loop, so take a wait-and-see attitude unless you can find leftover supplies priced cheaply.