By Logan Garcia, Market Reporter
Fertecon, Agribusiness Intelligence, IHS Markit
US Wholesale Fertilizer Prices Fall in June, but Posed to Reset Higher Following Summer Fill
The following is a recap of fertilizer price trends and market developments for the month of June:
AMMONIA
Domestic:
Long-awaited summer-fill program announcements came in late June during an otherwise quiet period ahead over the past month.
Initial programs were confined to the western United States, where eastern Oklahoma plants were plants from Koch and CF that matched pricing in the range of $800-$825 per short ton (t) free-on-board (FOB -- sales price without transportation costs factored in). Plant offers in Nebraska were $825 and matched in Iowa at Port Neal. Offers seemed confined to these three states to begin with, as Eastern Corn Belt plants had yet to announce similar offers as of publication time.