By Logan Garcia
Fertecon, Agribusiness Intelligence, IHS Markit
November was a hot month in the U.S. ammonia market as distributors struggled to find enough truck drivers to deliver what traders called another record year for ammonia applications.
Corn Belt ammonia volumes rose quickly to as high as $1,400 per short ton (t) free on board (FOB -- wholesale without transport costs) during a time when most ammonia price points had crossed the $1,000 mark by the end of November. Ammonia sales were extremely strong given its value per unit of nitrogen relative to urea and UAN, which also saw a rapid price increase of late. By the end of October, the most expensive ammonia wholesale markets had reached $1,100 per t.