Booked 75% of normal usage for November delivery. Urea October 2020 $425 , October 2021,$925. Phosphate October 2020, $690,October 2021, $1100.
Not sure if it was the right thing to do but thought we would hedge the risk somewhat and roll the dice on the last 25%. 4.5 inches of rain in August but still very dry here. Some analysts confident that there will be a pullback in prices midwinter. One can only hope. Haven’t done soil testing yet this fall but based on this years yields and plant growth thinking that we may see considerable residual nitrogen. Fingers crossed.
Not sure if it was the right thing to do but thought we would hedge the risk somewhat and roll the dice on the last 25%. 4.5 inches of rain in August but still very dry here. Some analysts confident that there will be a pullback in prices midwinter. One can only hope. Haven’t done soil testing yet this fall but based on this years yields and plant growth thinking that we may see considerable residual nitrogen. Fingers crossed.
Comment