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News - December 22, 2009
- New phosphate extraction technology promising
- North Dakota: Input costs easing - except nitrogen
- Agrium extends offer for CF
- New Hopes for Potash (POT)
- China poised to win cut-price potash deal
- Possible BPC Potash Sale
- Agrotain Dry approved as N additive
- Belarusian Potash May Agree China Sale at $350 a Ton
As of Dec. 10, 2009, what % of 10/11 fertilizer have you bought?
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Fertilizer This Week - Updated May. 11
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Curious as to what people are getting quoted for phos???
ReplyDelete11-52-0 780/MT Viterra Provost, AB
South Central SK 11-52-0 $725.00/T Dropped $125.00/T in the past 2 wks, still way too much.
ReplyDelete46-0-0 was up $65.00/T in the past 2 wks. Not sure of the price because we bought at the end of Dec.
Market anaylists are calling for a price drop in all commodities, so i think the best we could do as farmers is not chase the so called best looking commodity and flood it. Grow what does best on your farm, and hope for the best like we all are doing.
We are all in a "rotation", so lets try and keep it that way and not push a certain crop to try and make that extra buck, which may cost you two at the end of the day.
46-0-0 610/mt
ReplyDelete11-52-0 700/mt
21-0-0-24 455/mt
0-0-060 910/mt
Wpg.Mb
46-0-0 $480/mt...
ReplyDeleteReplacement cost...
East Sask.
North of Saskatoon
ReplyDelete46-0-0 $480
Gord said...
ReplyDeleteWinnipeg Paterson Grain
11-51-0 trailer load delivered $675/t
This site would be more useful to everyone if we all start including the name of the supplier that our price is from.
January 29, 2009 9:17 AM
11-52 650 DELIVERED SOUTH MB (BOISEVAIN)
ReplyDelete55 cents per lb of actual N delivery only anhydrous. North East Sask. I believe including the suppliers name would be detrimental to the farmer. Shop around and find it.
ReplyDeleteSoutheast Sask 46-0-0 $600
ReplyDeletesouthSask 46-0-0 $600/mt
ReplyDeleteeast central sk. 46-0-0 $500 11-52-0 $ 790 still too high for Phos ,commodities are dropping,let them sit on it.
ReplyDeleteAnonymous said...
ReplyDeletepioneer ykton
phos 715 on friday delivered 2 wks
potash 925
sul 420
February 2, 2009 12:12 PM
28-0-0 liquid $360.- Viterra Roblin, Manitoba
ReplyDeleteOver the past week I've notice a lot of new fertilizer bins. Of course this is limited to my little corner of SE sask and SW MB, but it does speak to dealers and producers making moves to ensure supply and take advantage of better fertilizer prices. All these have arrived in the last few months. I don't know if they are full or at what price they were filled, but the way to make money in the fertilizer "game" for dealers and producers is storage
ReplyDeleteGarth as a dealer, I would disagree that more storage is the answer, at least this year. Whoever had the most storage is now in the most trouble as that storage was filled with high priced fertilizer. Listening to comments like annonymous
ReplyDelete"let them sit on it" makes me hope like hell he is scrambling for it in Spring, AT ANY PRICE.
i was told that CF in Medicine Hat had urea stored from early summer, and was stored at a high hummity, now over the last month when it was being trucked out, they needed a high hoe to climb the plies and break product up from excessive brigeing, they are also concerened about nitrogen denitrification....
ReplyDeletegreat just what we need, pay a preium for a product, then find out it is short 5 percent concentration...
sounds like some goverment enterprevention needed
While I understand the dealers plight to some extent, keep in mind the dealers with sheds filled them the year before and made a lot of dollars on the upswing. Furthermore, I've dealt with the same dealer for 20 years and they were quoting me $30 to $80 dollars a tonne(depending on product) more than anywhere within a 100 mile radius. Hello!? I've always prebought. I have coffee once in a while,I know the price. Tired of the whining. I didn't sell all my canola at $16, I have to suck it up, you can too.
ReplyDeleteGood point! I think if you got filled at the top of the market, to seemed logical to me to put up more bins and fill them in the last couple of months with "cheaper" product. At least you could average down your "laid in cost", stay in the market and end up with new bins(?) Pretty expensive way to do it, but having inventory valued at minus $300 from "laid in cost" is expensive too. At least your inventory now is closer to market and like I said you've got new bins?
ReplyDeleteThe thing we all need to remember is we're in this for the long haul. And we're in it together. The dealers and the farmers. We are not the shareholder that has the option of being out of this tomorrow. For the most part we are not dictated to by the shareholder. We have daily business to run but we do need each other to be there next year as well. The manufacture driven by the dividend on the other hand doesn't seem to have clued in the dealers and farmers must remain viable in the long haul. The sooner they forget the record profits of last year and accept a reasonable margin, the quicker workable economics return.
ReplyDeleteThe $30-$80 difference in price does not really take a rocket scientist to figure out.Its all based on cost averaging and this year cost of a certain product can vary by $600-$700/mt, depending when it was bought.Buying bins and and filling today? Heres the math. Fall urea, $900/mt,today $500. Average is $700. Anybody biting? As for the "tired of the whining", what else happens on this page. If producers spent as much time marketing their grain as they do complaining about fertilizer prices, fertilizer prices would be a mute point.
ReplyDeleteI fear for those who held out, that ship has sailed.
I guess you could sit on your hands and take the loss on $900 mt. $700 seems like a lower price to take the writedown on. I do feel for the dealer caught in a price bind and the farmer buying last fall. But I also respect dealers and farmers who try to take advantage of opportunity when it presents itself. Excellent point on filling now. I think filling new bins last month may have made more sense than trying it now. Depending on what %%% storage you have on your annual handle dollar cost averaging should be part of your buying strategy a few new bins may have helped bring that average down as you state. Just an observation really that there are people who have taken advantage of last months lower pricing. Of course some of it is good luck and some is good management, the older I get the more I see you need both of those sometimes. Oh yes deep pockets help too! I also just occured to me that buying more storage would help counter act any supply problems for both producers and dealers, a move I think may be driving the bin purchases of some producers. Those buys aided and abetted by sharp dealers seeing the opportunity to sell both a bin and a few loads of fertilizer. And likely getting a good price on the bins because he put a few up himself. Hindsight is perfect, if I had been this smart when I was a fertilizer dealer I would be a rich man today.
ReplyDeleteGarth
ReplyDeleteI did take advantage of last months fertilizer pricing and I too bought exrta bins and tanks in the attempt to lower the cost average of the inventory. And you are correct that it does decrease the loss per tonne but I also have more tonnes to lose on. Producers,(and I don't blame them)don't really want a cost average, they want the lowest price.Just like some producers, some dealers did not get sucked into the manufacturers hype this fall and fill and those dealers quoting the prices that I see on this site are STILL making alot of money, just like the guys buying right now are saving alot, in comparison.Extra storage may be beneficial this spring for having product on hand but the fact is a loss is a loss, and this one is going to be awfully tough on some dealers. I am confident that it will change the landscape, and the way business is done out there after this year.
Just saw some videos on Argentina if you think buying fertilizer is tuff business look down there.Over million cattle dead! Corn crops are knee high in many spots.And the government controls the farmers like you cant imagine.Really feel for them, worse than I thought. bought my fertilizer beginning of Jan thanks for the site Larry.
ReplyDeletehind sight is ALWAYS 20/20... dealers are not the only ones taking a huge loss... combine not selling all our grain at high prices AND filling fert bins in July/Aug... mmmmm, makes a guy wish it was JUST the fert that was the loss... oh well that's business. suck it up and move on.
ReplyDelete