Fertilizer for spring 2022

[jdg364]

Not sure if this has been discussed lately, but I spoke with my local Nutrien rep and told me that phos for spring was around $1000/mt (stored till spring). I think we paid around 630/mt in nov20.. are guys booking Fert at these values or does a guy play the waiting game and see who blinks first?

[foragefarmer]

Sounds a lot like (I think it was 2008) the same thing happened late Aug and Sept fert prices rocketed up but fell sharply in the spring.

I haven't phoned my fert guy as of yet as I always buy in the fall except the above mention year I waited till spring( if I have the year right), but I would never buy at that price for the upcoming spring.

Maybe late Nov or Dec fert prices will come down which will offer a buying opprotunity.

[jazz]

Depends on the mood of farmers after this yr. Are guys gung ho to go for it again, or are some horns going to be pulled in. All major crops are hovering in the $20+ range and likely to carry into 2022.

Thats probably too much money to not roll the dice again.

[Guest]

Sounds a lot like (I think it was 2008) the same thing happened late Aug and Sept fert prices rocketed up but fell sharply in the spring.

I haven't phoned my fert guy as of yet as I always buy in the fall except the above mention year I waited till spring( if I have the year right), but I would never buy at that price for the upcoming spring.

Maybe late Nov or Dec fert prices will come down which will offer a buying opprotunity.

yes it was 08, after the financial crash
dropped like a rock
actually the only time for us , that we got burnt by pre buying
but i can't make any sense outta pre buying at top dollar

[furrowtickler]

They are going to charge max what they can cause 10% of the farms will do really well , they could care less for the other 90% ..... for now
A agree case and forage ... will see come late winter

[zeefarmer]

Are there any Canadian companies that are importing non-North American phos?

[bobofthenorth]

Are there any Canadian companies that are importing non-North American phos?

There are but most farmers simply don't care (or know) where their fertilizer originates. The US has sanctioned Belarussian and Moroccan phosphate which means that those two countries need to find other destinations for their production. In the short term it makes imports from the US more expensive. Every pound of phosphate sold in Canada is imported from somewhere. For a country whose ag sector has long depended on exporting bulk commodities we are remarkably poorly equipped to import bulk fertilizer.

[jdg364]

We are waiting this one out for now and see if values will back off, if I’m paying 4 digit Fert prices it can wait till 2022.

I know the exchange (dropped big in the last wk) will affect new Fert shipments and will be used as a sales push. If we had some moisture in the ground I would probably book some of my Fert but hedge it with some 2022 grain sales.. but just too scared

[shtferbrains]

I see a DAP chart @ $630 USD ton basis Tampa i believe.

DYOD

[Sodbuster]

I see a DAP chart @ $630 USD ton basis Tampa i believe.

DYOD

That pretty much says $1000 phos when you factor in transportation, dollar a t ton to tonne. The dollar and ton to tonnes works out to $905 without adding transportation from Tampa.