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Post by mountrose on Dec 8, 2022 18:14:44 GMT -6
Figured I would update this with closest fert prices as of late to me.
$usd/short ton
Urea 645-670
11-52 835-870
Ams 500
Potash 780-800
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Post by kevlar on Dec 8, 2022 20:48:23 GMT -6
Picking up some from a supplier we had left over from the spring, found a small fertilizer bin to put it in, might top it up while we’re at it, quoted $980 a tonne for 46.
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Post by victory on Dec 8, 2022 21:15:28 GMT -6
Is that for immediate delivery Kevlar, or can you prepay at that price. Doesn't seem to be dropping here.
How would dealers make that work for guys that have bought product already?
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Post by kevlar on Dec 8, 2022 21:26:20 GMT -6
Is that for immediate delivery Kevlar, or can you prepay at that price. Doesn't seem to be dropping here. How would dealers make that work for guys that have bought product already? That’s picked up, I never asked about prepaying. We only have room for about 20 tonne, but the first 10 is at last spring price 😬. |
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Post by victory on Dec 8, 2022 21:41:18 GMT -6
At that price it shouldn't take too long to pay for a fertilizer bin. Unless prices are really going to change a lot.
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Post by SWMan on Dec 8, 2022 22:54:53 GMT -6
Bought some 11-52 a couple weeks ago immediate take for $1165/tonne. Elemental sulfur 90% was at $610/tonne. Urea $1050/tonne.
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Post by Oatking on Dec 10, 2022 8:14:56 GMT -6
nh3 pre buy is $2022/tonne at my retailer. last spring it was 2300/tonne. It seems they are bringing in a lot at that price so looks like the idea prices may go down is a myth. Maybe a split app with liquid after spring might be a better choice.
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Post by cptusa on Dec 10, 2022 9:11:15 GMT -6
I had two suppliers say that prices are retracting for all fertilizer but they don't expect it to retract to the late summer/early fall prices here.
NH3 booked for fall applied at $1150 last September, it's $1500 now. 32% booked $475, $600 now. P an K has been relatively flat in movement here.
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Post by slipclutch on Dec 10, 2022 10:38:22 GMT -6
Agree. Fertilizer won’t come down until late summer to late fall. To the farmer at least. The retailer profit will widen big time.
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Post by victory on Dec 10, 2022 10:49:35 GMT -6
Just got a quote yesterday of $980 for 46-0-0 for January pickup (about an hour drive). Told my local Co-op they better sharpen their pencils.
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Post by cptusa on Dec 10, 2022 11:45:08 GMT -6
Agree. Fertilizer won’t come down until late summer to late fall. To the farmer at least. The retailer profit will widen big time. Well you're close... fertilizer won't come down as long as corn is in upper $6 range and beans upper $14 range. If anyone thinks fertilizer is tied to supply and demand more then what our commodity prices are then I've got some sad news for you. |
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Post by kenmb on Dec 10, 2022 12:19:01 GMT -6
Fertilizer handlers are buyers / resellers and are faced with the problem of what to do when they bought high and now see prices go down. Oil and gas are trending down so retailers who bought high are getting nervous. They have inventory prebought and paid for that may be selling for a loss. So guess what the standard statement will be? Something like "it won't come down any time soon so buy now".
As usual, what our government does will be the biggest factor. No imports from Russia or continued trade war with China plus government in bed with big corporations (in this case domestic fertilizer producers), green energy crap, etc will be likely what matters. Retailers will get out of over paid fertilizer as quick as they can, it's what the cost of the product as determined by government action and the resulting monopolies is what matters.
I am not a fan of the Canpotex cartel. But a cartel is definitely what we live with.
Having said that, local seller said urea maybe in short supply because of our government actions.
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Post by Oatking on Dec 10, 2022 17:48:55 GMT -6
I agree Kenmb. I cant imagine the pressure the retailers face. They have to be prepared for spring production which can be as short as 2-3 weeks. If they run out than they get complaints or lose business to other retailers. I tried to pry out a percent number of tonnes that they pre buy but they seem to be holding that card to themselves. Like said in the above post about retailers feeling nervous , my retailer is trying to unload sales at the 2022 or so dollars per tonne of nh3. Do you think they feel they over paid for it?? Why should the farmer feel guilty and bail out the retailer. All the factors or major problems that the governments cause around the world sure put strain on a producer / retailer relationship. Its enough of a worry these days to run a farm I dont want to feel like I owe my retailer anything!! Heck my retailer has dropped the whole customer appreciation day and christmas party . What does that say?
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Post by kenmb on Dec 11, 2022 10:51:09 GMT -6
It says it's a crappy world. But the best we can do is keep in mind we are all in the same world. Fertilizer retailers face same problems farmers do. Equipment dealers still feel the pain of having a new machine not showing up on time which creates a cascade effect on the 4 other units in the trade chain all revolving around that one new unit. Majority of people want their work life to go well, even people selling and servicing equipment.
I do think we may have a pinch in urea. We import alot of this from overseas as I understand the market and I am quite sure we don't have good trade with these overseas suppliers because we are in an economic war. But on the other hand I find things do work out so am still optimistic I will get urea as needed. Much like problems seem to magically appear in our crappy world because some people are really, really, really bad at their jobs, I find some problems that should be happening, actually don't occur. So I will wait and buy in spring as always. Price may come down yet. Along with it being a crappy world, it is also a bizarre world and crazy things are the norm.
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Post by kevlar on Feb 14, 2023 18:39:33 GMT -6
Has anyone priced or bought any fertilizer recently? Have heard it’s coming down and have read that natural gas prices are pretty low, not that that will realistically make a difference in fertilizer prices. I’m going to run by our dealer and get a few prices, bought a little back in December, sounds like it should be quite a bit less than it was then.
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