Natural Gas Price Meltdown

[errolanderson]

This is getting ugly . . . .

North American nat gas prices have been in a summer freefall. Suffield spot have tubed below $1 per gigajoile. Texas spot has gone negative. U.S. producers now moving nat gas as low as -$4 per gig. Producers are now paying buyers to take it away.

Oversupply into an already flooded spot market the culprit. On Friday, some nat gas stocks collapsed 10 percent or more in one day.

[farmaholic]

Is nitrogen fertilizer really made with natural gas?

Both as an ingredient and process?

Does that mean cheaper fertilizer?

[Herc]

Is nitrogen fertilizer really made with natural gas?

Both as an ingredient and process?

Does that mean cheaper fertilizer?

[ATTACH]4611[/ATTACH]

Yup fill the bins with $300/tonne 46-0-0

Bahahahaha.......

[bucket]

Because of the late fall in 218 and the wet spring 2019 ....fertilizers haven't been applied as heavy....the demand is there for high usage....

No deals on fertilizer. ...made of natural gas ....that's only the excuse when natural gas goes to 9 dollars a gigajoule....

[furrowtickler]

Low gas and very late crops in North America.........
hmmmm , May be cheap to dry every bushel of late frozen corn
But nope the fukers will not drop the price of fert as we head into fall .

[farmaholic]

Let's not talk about the double standards that apply to Primary Producers when it comes to the laws of supply and demand.

Manufactured bullshit.

[bucket]

While they are studying climate change maybe they should put as much effort into things like collusion on farm inputs ....then maybe we wouldn't have to keep begging....

[SASKFARMER]

Anhydrous should be 17 cents a lb

[SASKFARMER]

If it doesn’t that tells you the whole system is rigged.

[jazz]

If it doesn’t that tells you the whole system is rigged.

So much for that solar and wind. Crank up the heat baby.

[AlbertaFarmer5]

So much for that solar and wind. Crank up the heat baby.

I was going to say, Too bad the world isn't in need of a cheap, plentiful, reliable, clean, low CO2 source of energy right now.

But Chuck is probably right, We are much better off flaring the gas or paying to get rid of it, then Paying again for grossly expensive unreliable energy, for the sake of "the environment". I wonder it he has occurred to any of these green warriors that the gas is getting burnt either way?

[farmaholic]

So much for that solar and wind. Crank up the heat baby.

WRONG, NatGas is cheap because no one wants it and is being displaced by wind and solar.