Nitrogen for 2019

[Agvocate]

Potential of 10 million acre switch in the US out of beans into corn and wheat for 2019 will certainly increase demand for Nitrogen.

[macdon02]

Potential of 10 million acre switch in the US out of beans into corn and wheat for 2019 will certainly increase demand for Nitrogen.

And Brazil corn acres will be zero.....

[macdon02]

Commentary from my supplier: "Here is a new price sheet. . As you can see, fertilizer prices are out running the grain market. The biggest problem is that the international market is even higher than USA market by $20 or more dollars per ton. This keeps upward pressure on the USA market. Also, China has shut down a lot of urea plants Many N plants in the world are not running that well and several domestic producers are struggling as well. Many producers in USA are producing urea for export and not making as much UAN. As many of you know, the UAN market is very tight because of this and pricing remains at in season levels. There is not much UAN out there to buy and what is out there, is commanding premium pricing. Potash prices are flat, but India just signed a supply contract with the Russians $20 over the expected pricing. This will send prices higher over time. Phosphate prices are firm and most product is in short supply. NH3 prices continue to firm with producers moving prices higher. "