DTN Fertilizer Outlook
By Logan Garcia, Market Reporter - Fertecon Agribusiness Intelligence, IHS Markit
The following is a breakdown of wholesale prices and trends of various fertilizers in the month of September and into the first two weeks of October.
AMMONIA
Domestic:
By the end of September, all production states in the United States were reporting some level of corn harvest progress. With application work on oats and wheat finished in Texas, ammonia continued to see a seasonally slow market coming out of the summer in September.
Prompt and prepay ammonia prices in the Eastern Corn Belt ended the month at $290 to $325 per short ton (t) free-on-board (FOB), unchanged overall from August. However, cheaper tons at $280 to $290 in Ohio were unavailable as the Nutrien plant in Lima began an eight-week down period for turnaround in early September. In the Western Corn Belt from Illinois to Iowa, prepay prices were assessed at $320 to $340/t for Q4 2020, mostly unchanged with only a $5 drop in lows in Iowa from prepay prices in August.