UPA Fertilizer Update
5/11/2017
Headlines
Pricing
CF Industries Holding, Inc. posts 1Q loss on record volumes, sales.
UREA $325
Urea has found some strength with
recent rains causing high water issues
and impassable bridges for barge
traffic. Short term firmness will only
confirm that the market is looking for
any opportunity to rally. This market
needs to be watched due to its
influence on the other nitrogen
markets.
DTN Retail Fertilizer Trends:
https://www.dtnpf.com/agriculture/web/ag/news/crops/article/2017/0
5/11/fertilizer-prices-continue-fairly
Kansas Drought Monitor
NH3 $495
NH3 is flat for the most part, very little
product is changing hands and
producers have been reluctant to give
it away to turn product into cash.
UAN $275
UAN will stay flat to firm over the next
week. Urea supply issues will give UAN
the boost they have needed to hold
where it has been and look to make a
few sales as the spread narrows
between it and urea.
MAP $455
MAP will be firm with supply losing
ground. MAP will most likely stay
strong until barges start moving up the
river.
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Teddi Winslow
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