News
Some downward movement in fertilizer prices
Although fertilizer prices are high, a market expert says prices have moved down on several products.
Josh Linville with StoneX tells Brownfield the shift in the market has been unexpected. “This has been a little shocking. All of the sudden, now we have got urea almost half price from its high back in March, and phosphate values have fallen off several hundred dollars and we’re watching things like anhydrous and UAN very closely, so yeah, it’s been a very hectic spring.”
Linville with StoneX tells Brownfield the shift in the market has been unexpected. “We’re starting to see the same thing happening on UAN. Phosphate is down. About the only one we haven’t seen fall substantially is anhydrous, which I think is a matter of time when the producers start coming out with their fill programs and fall pre-pay programs, which could be any week now.”
Linville says a lot of these cheaper prices are not for prompt-ship products but for the second half of June or July, and the problem with that is it’s all Gulf of Mexico trading so it will take around 30 days to move that product up the river for local distribution.
He says the one input that continues to have a supply problem is potash since exports from Belarus are blocked by Lithuania.
