Weekly Fertilizer Bulletin | Fertilizers Rebound

Posted on 12/11/2018 4:13 PM

 

  • Fertilizer prices were higher on the week with only MAP posting a decline.
  • Our Nutrient Composite Index firmed 3.08 points to 593.18. This compares to our 3-year average of 544.92 for this week.

Nitrogennitrogen

  • Nitrogen prices were higher across the board with UAN28% leading to the upside.
  • Anhydrous firmed roughly half as much as did 28% with Missouri and North Dakota more than $10 higher on the week.
  • Urea firmed just 6 cents on the week with Michigan leading gains.
  • UAN32% was very nearly unchanged.
  • This week, more states posted unchanged prices throughout the nitrogen segment than posted increases or decreases.

Phosphate

  • Phosphates were mixed on the week with DAP higher and MAP just slightly lower.
  • According to MosaicCo., wholesale phosphate prices softened at U.S. terminals in the week ended December 7.pandk
  • Nebraska DAP led gains in phosphates, firming $36.00 by the short ton.
  • Gains in Nebraska DAP were offset by a decline in Illinois where DAP softened $30.01.

Potash

  • Potash firmed 75 cents week with North Dakota up $6.93 to lead to the upside.
  • Wholesale potash prices were sideways to lower according to MosaicCo.
  • On an indexed basis, potash is priced at a slight premium to anhydrous ammonia

Corn Futures

  • December 2019 corn futures closed Friday December 7 at $4.03 putting expected new-crop revenue (eNCR) at $653.94 per acre -- up $6.92 per acre on the week.
  • With our Nutrient Composite Index (NCI) at 593.18 this week, the eNCR/NCI spread widened 3.84 points and now stands at -60.76.
Fertilizer
11/26/18
12/3/18
Change
Current Week
Fertilizer
Anhydrous
$538.78
$534.23
+$3.06
$537.29
Anhydrous
DAP
$528.56
$531.93
+$3.22
$535.15
DAP
MAP
$540.60
$541.55
-3 cents
$541.53
MAP
Potash
$365.18
$364.41
+75 cents
$365.17
Potash
UAN28
$266.35
$261.46
+$6.48
$267.94
UAN28
UAN32
$291.93
$292.35
+2 cents
$292.37
UAN32
Urea
$413.87
$416.93
+6 cents
$416.99
Urea
Composite
590.81
590.10
+3.08
593.18
Composite

nci chart

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