Ugo Schtiglitz
Well-Known Member
Yup urea differential opening up further from what I can see. The trouble with forward buying is that no one will have a clue what's cheap or dear in a falling market. Contrary to popular belief, fertiliser is still flowing out of russia and belarus, as it's not subject to embargoes, but shippiong is tricky from what I understand. US is actively encouraging shipments. May be on the ball with selling to balance off fert next season. Last thing anyone wants is to be caught in the dear fert and cheap grain squeeze.Definitely no harm to have it well out of sight….
I see talk of a drop in prices but I doubt if we’ll see anything as low as beginning with €300….
CAN has to be desperately dear considering where European gas prices are (€117/mwh).
Potash is also very scarce.
It appears that a lot of N use next year will be urea.