By Logan Garcia
Fertecon, Agribusiness Intelligence, IHS Markit
The following is a recap of fertilizer price trends and market developments for the month of February and the beginning of March 2022.
AMMONIA
Domestic:
Despite the record-high Tampa settlement for February deliveries, U.S. ammonia values remained largely flat from price levels in December during the last legs of the fall/winter ammonia run.
A lack of domestic demand since the last large buying period, coupled with extreme volatility in urea markets and a lack of any pressure on U.S. ammonia, has left Corn Belt values in a range of $1,350-$1,375 per short ton (t) free-on-board, or without transportation costs (FOB). The higher Tampa settlements did likely, however, prop up higher domestic prices from December into the rest of first-quarter 2022 on the slow activity.