Urea and Phos prices

[wheatking16]

After the fireworks in the Urea market in the past 18 months I have spent a lot more time price watching. I have learnt lots from following Josh Linville on Twitter and Larry's newsletter. Seems few want dealers to hold inventory with the risk of price changes. For me the big take away currently is the Urea to new crop grain ratio these days. Its a hell of a lot better this year than a year ago.

Can you explain the significance of the Urea to new crop grain ratio?

[WiltonRanch]

Have 85% of my fert in the bin and plans to seed more alfalfa. Still costs money in fertility to get alfalfa fed right but with livestock I need the feed and grazing. Think I’ll keep on with rotating perennial legumes through what I can but ultimately on a straight grain operation we are screwed. Here Feds want to ban wood burning stoves. Same bs. Any thing which entails a bit of self sufficiency that circumvents some sort of taxation or government control is potentially on the chopping block. I hate to even propel conspiracy theories but as our government further descends into lunacy I do not see any future here unless things change which doesn’t look too promising.

[Guest]

Got hosed filling the bins this past fall.

A guy should look at locking in some production because commodities might get a reversion to mean shock too.

Yes but you did well selling your canola when you did

[jamesb]

Can you explain the significance of the Urea to new crop grain ratio?

https://twitter.com/JLinvilleFert/status/1624094485234720768/photo/1

As i understand it its very good historically if one sold the new crop and locked in the urea.

[wheatking16]

https://twitter.com/JLinvilleFert/status/1624094485234720768/photo/1

As i understand it its very good historically if one sold the new crop and locked in the urea.

Thanks for the reply.

[jdg364]

825 for 46-0-0 picked up in spring.

[makar]

825 for 46-0-0 picked up in spring.

900 plus here.

[Guest]

930 in the swamp

[dave4441]

930 in the swamp

How is that possible when you can pick it up in the south for $200/MT cheaper?

[makar]

How is that possible when you can pick it up in the south for $200/MT cheaper?

Freight out of New Orleans scam.

[dave4441]

Freight out of New Orleans scam.

What I mean is you can buy Urea for CAD $725 in South Sask. How can it possibly be $940 in a different part of Sask.

[seldomseen]

One independent up here fill his bins last fall with high priced Urea and expects his customers to help him out on his deal.
The independent is 930
Local grain company 850 which is is high.