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State of the Market

 

 

 

January 21, 2011

 

 

Dear Clients,  

                                                                                                                   

 

Fertilizer: The fertilizer market is continuing on an upward trend. Products that were in short supply such as DAP and MAP are either at the ports now or on barges headed that way. We are seeing availability issues begin to subside.

 

Phosphate: Limited quantities last fall have pushed the prices higher for spring application. Product is available for pre-pay and take now in most areas.  

 

Pot Ash: Product is available and demand is steady do to Fall shortages of DAP. We have seen an increase of around 10 % over Fall pricing.

 

10-34-0:  Demand is high for starter fertilizer. Availability has been an issue since the Fall because of limited quantities of the acid required to make it. We see continued pressure on this market and believe that other alternatives may be necessary this spring to meet demand. Prices have risen at least 25% since August and will continue through planting.

 

Urea: Urea is available and seems to be a good buy as far as Nitrogen choices go. Demand is picking up for the wheat crop and prices have risen at least 10 % in most areas. We have seen steady price increases in the last month and would expect that to continue through the Spring as well.

 

Anhydrous Ammonia:We have seen this product actually decrease 5% since the Fall application finished. Supply seems to not be much of a factor currently but as Spring approaches we anticipate price increases based on strong corn prices. Now would be a good time to lock your tons in for this year.

 

UAN: UAN prices have been steadily rising since last July. We expect this to continue unless the price of corn drops. If you haven’t locked down your needs now would be a good time to buy as well.