I've only been pricing NH3 (~$0.45/lb delivered).
My theory is that N pricing should be going down. Corn price is still down which means unless there is a correction before plant15, there will likely be more soys and less corn. That means less N needed. Also, harvest is late everywhere - from the US Midwest through to (almost) all of the Canadian Prairies. That means less time to do fall fertilizer than normal. As a result, I'm thinking that N pricing should go down to encourage more guys to either apply this fall or (in the case of granular/liquid) take delivery this fall. Maybe I'm right...maybe I'm wrong...that's the great part about this business!!!
Andrew
My theory is that N pricing should be going down. Corn price is still down which means unless there is a correction before plant15, there will likely be more soys and less corn. That means less N needed. Also, harvest is late everywhere - from the US Midwest through to (almost) all of the Canadian Prairies. That means less time to do fall fertilizer than normal. As a result, I'm thinking that N pricing should go down to encourage more guys to either apply this fall or (in the case of granular/liquid) take delivery this fall. Maybe I'm right...maybe I'm wrong...that's the great part about this business!!!
Andrew
