U.A.N. $777.00/april delivery
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The Mississippi is gaining flow, shipping has been very expensive for fertilizer to go back up into the interior US.
As our grain basis has been positive… 200$/t has been added to the price of fertilizer because of shipping logistics increasing prices.
As with our Praire grain prices with positive basis raising prices to grain farmers… fertilizer manufacturers are economically benefiting in the same way. The CDN federal government taxing Russian fertilizer extra… adds insult to injury.
The likelihood of Russian NH3 going through the Ukrainian export pipeline… while Putin bombs Ukraine infrastructure with Impunity… I would suggest is unrealistic.
Therefore it is unlikely that N will drop more than 10-15% before spring… P and K are similar.
Cheers
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Did anyone attend the Sask Wheat commission virtual meeting with Josh Linville about fertilizer prices today? I signed up and intended to listen, but couldn't find time in the middle of a warm afternoon.
After following him on Twitter, he seems to be sideswiped by the fertilizer price action most of the time, so not sure if this was going to be any better.
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Originally posted by wmoebis View PostSorry for being naive but what fertilizer comes from Russia that we don't or can't produce here in Canada so we can control our own supply and demand as well as price?
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