Ammonia-based Fertilizer Markets Are Fertilizers Petrochemicals too?

Size: px
Start display at page:

Download "Ammonia-based Fertilizer Markets Are Fertilizers Petrochemicals too?"

Transcription

1 Ammonia-based Fertilizer Markets Are Fertilizers Petrochemicals too? Bala Suresh, Principal Analyst 15 th FORO PEMEX Petroquimica, 2013 Mexico City, Mexico June 5, 2013

2 Agenda What Are Fertilizers? Global Market Nitrogenous Fertilizers Growth Aspects Conclusions

3 Fertilizer Product Chains Mineral Ore Potash Ore Phosphate Rock Sulfur Refinery based products Hydrocarbon Air Air N, P, K Fertilizers

4 Production Processes Nitrogen: Hydrogen Air (N2) Ammonia Nitrogenous Fertilizers Phosphorus: Sulfuric Acid Phosphate Rock Phosphoric Acid Superphosphates Ammonium Phosphates Potassium: Potash Ore Potash Fertilizers

5 Are Fertilizers Petrochemicals Too? What Are Fertilizers? Global Market Population growth Available arable land Need for productivity Fertilizer Types and Applications Nitrogenous Fertilizers Growth Aspects Conclusions

6 More People Require More Food! Global population continues to rise Improved diets worldwide Fertilizer required for crops feeding animals Billions 10.0 Global Population

7 Less Arable Land Per Person Is Available Arable land is actually increasing... MM Hectares 1,800 1,600 1,400 1,200 1,

8 Less Arable Land Per Person Is Available Arable land is actually increasing... But not keeping up with population growth Arable Land, Hectares Per Person

9 This Means Crop Yields Must Increase Improvements in seed technology Improvements in crop protection But biggest potential globally is fertilizers

10 How Much Fertilizer Is Consumed Globally? Majority portion is nitrogen Growing faster than other nutrients Growth expected to continue Million Tons N P2O5 P 2 O 5 K2O K 2 O Nutrients 2009/ / /12

11 Are Fertilizers Petrochemicals Too? What Are Fertilizers? Global Market Nitrogenous Fertilizers Growth Aspects Conclusions

12 Major Crops That Use Nitrogen (United States) 2010 N Use for Crops Corn production has doubled in the last three decades Other 39% Corn 46% Recent increases include fuel uses Trend expected to continue Wheat 11% Soybeans 1% Cotton 3%

13 Major Crops That Use Nitrogen Land use for corn planting is increasing Coarse grain trade expected to rise significantly in the next decade Million Metric Tons 1, Major Crops Using N, Production Corn Wheat Soybeans Cottonseed

14 Nitrogen Based Fertilizers Ammonia Direct Applications Ammonium Sulfate Ammonium Nitrate Nitric Acid Ammonium Phosphates Urea Other N Fertilizers Other Chemicals

15 Ammonia Is Key Manufacturing process Production capacity Major producers Price and relationship with natural gas pricing

16 Ammonia Technology Simple chemistry: 3 H2 + N2 Complex manufacturing issues 2 NH3 CO2 Natural Gas Steam Steam Reformer H2/CO H2/CO2 CO2 H2 Shift Reactor Removal Water Removal H2 Recycle H2 Compressor Purge Ammonia Separation Ammonia Synthesis N2 Air Unit Separation Air Ammonia

17 Ammonia Production Cost G&A, Sales 5% Catalysts & Chemicals 1% Depreciation 37% Natural Gas 32% Taxes & Insurance 7% Plant Overhead 4% Utilities 3% Other Direct Costs 11%

18 Global Production Capacity World Capacity, Thousand Metric Tons, N Basis

19 2012 Major Producing Regions China leads CIS and India are also significant Middle East has grown substantially in recent years Southwest Asia 11% CIS (Fmr. USSR) 14% Middle East 9% Western Europe 7% United States 6% Central & South America 6% China 30% Southeast Asia 5% Africa 4% Central & Eastern Canada 3% Oceania 1% Japan 1% Europe 3%

20 Major Producers

21 U.S. Ammonia Production & Net Imports Production decreased when natural gas prices increased Demand satisfied by increased imports Million Metric Tons Percent % % % % % 0.0 0% Production Net imports Net Imports as % of Total

22 Are Fertilizers Petrochemicals Too? What Are Fertilizers? Global Market Nitrogenous Fertilizers Growth Aspects Conclusions

23 Factors Affecting Growth Weather Economic activity Policy decisions Disease Biofuel Production Natural gas price

24 U.S. Corn Is Used For Increasing volumes for fuel Around 80 million acres of land are planted for corn Demand for ethanol production has increased corn acreage

25 U.S. Ammonia Prices Paid By Farmers, Spring 2013 $1,050 $7.81 $1,040 $6.02 $766 $5.32 $812 $5.26 $819 $5.51 $877 $7.03 $666 $4.54 Ammonia Price, U.S. Dollars Per Metric Ton Industrial price of natural gas, Dollars Per Cubic Feet

26 U.S. Capacity vs. Natural Gas Price Capacity, Million Metric Tons Natural Gas Price, USD Per Thousand Cubic Feet

27 Impact of Shale Gas U.S. EIA projections for natural gas availability from shale is enormous Near-term reduction in prices Bcf Per Day Shale Tight sands 30 Coalbed Methane 20 Conventional 10 0 Associated Gas

28 Regional Ammonia Prices Dollars Per Metric Ton 700 Fluctuations due to natural gas prices Dip expected in near future USGC FOB NOLA Carribean Caribbean NW Europe NE Asia Black Sea India Arabian Gulf

29 Conclusions Some fertilizers are petrochemicals! Healthy fertilizer growth is expected to continue The U.S. shale gas and energy situation is likely to impact the global fertilizer industry

30 Thank you!

31 Questions and Answers

U.S. Fertilizer Situation and Outlook for 2009

U.S. Fertilizer Situation and Outlook for 2009 U.S. Fertilizer Situation and Outlook for 9 Wen-yuan Huang Economic Research Service U.S. Department of Agriculture Introduction Historic consumption Historical prices Fertilizer production and production

More information

PROCESS ECONOMICS PROGRAM

PROCESS ECONOMICS PROGRAM PROCESS ECONOMICS PROGRAM SRI INTERNATIONAL Menlo Park. California Abstract Process Economics Program Report No. 56A UREA (January 1981) The market for urea is growing rapidly worldwide principally because

More information

Nitrogen Outlook. Forward-Looking Statements. Fertilizer Industry Roundtable. Presented to:

Nitrogen Outlook. Forward-Looking Statements. Fertilizer Industry Roundtable. Presented to: Presented to: Fertilizer Industry Roundtable By: Michael Bennett, President and CEO Terra Industries Inc. Forward-Looking Statements Information contained in this presentation, other than historical information,

More information

The Potash Outlook. Al Mulhall Director, Market Research - PotashCorp. November 2, 2005

The Potash Outlook. Al Mulhall Director, Market Research - PotashCorp. November 2, 2005 The Potash Outlook Al Mulhall Director, Market Research - PotashCorp TFI Outlook Meeting November 2, 25 Forward-Looking Statements This presentation contains forward-looking statements, which involve risks

More information

A M E R O P A. Fertilizers. presentation for ASBA Cargo Conference in Miami FL. 28 Sept 2017

A M E R O P A. Fertilizers. presentation for ASBA Cargo Conference in Miami FL. 28 Sept 2017 A M E R O P A Fertilizers presentation for ASBA Cargo Conference in Miami FL 28 Sept 2017 Overview What are Chemical (N P K) Fertilizers? Fertilizer Market Outlook to 2021 (Supply and Demand) Global Fertilizer

More information

Fertilizer is a world market commodity, which means that supply

Fertilizer is a world market commodity, which means that supply Fertilizer supply Demand Supply demand, Energy Drive Global fertilizer prices The Fertilizer Institute Nourish, Replenish, Grow Fertilizer is a world market commodity necessary for the production of food,

More information

Global Potash Market Report

Global Potash Market Report Global Potash Market Report ----------------------------------------- 2015 Executive Summary Potash refers to a group of potassium bearing minerals and chemicals. The most dominant potash product in the

More information

Joe Ewing Vice President, Investor Relations

Joe Ewing Vice President, Investor Relations Nitrogen s Role in U.S. Agriculture Presented by: Wall Street Access Ag Day New York, NY Joe Ewing Vice President, Investor Relations Forward-Looking Statements This presentation may contain forward-looking

More information

Agrium Wholesale. Ron Wilkinson President, Wholesale SVP, Agrium

Agrium Wholesale. Ron Wilkinson President, Wholesale SVP, Agrium Agrium Wholesale Ron Wilkinson President, Wholesale SVP, Agrium Strong Corn Acreage in 2012 Increase in NA planted acreage in 2012 is estimated to account for 2-3% growth in NA demand for each of the three

More information

CHEMICAL ECONOMICS - AMMONIA - FERTILIZER AND EXPLOSIVES

CHEMICAL ECONOMICS - AMMONIA - FERTILIZER AND EXPLOSIVES CHEMICAL ECONOMICS - AMMONIA - FERTILIZER AND EXPLOSIVES The basis of the fertilizer industry revolves around the production of synthetic ammonia for the production of nitrogenous fertilizers. These fertilizers

More information

Fertiliser Market Update

Fertiliser Market Update Fertiliser Market Update WMG Crop Update 7 th March 2013 Disclaimer In the event that this presentation contains forecasts or estimates in relation to fertiliser and grain prices (or any other matter)

More information

Wisconsin Crop Management Conference Fertilizer Market Outlook

Wisconsin Crop Management Conference Fertilizer Market Outlook Wisconsin Crop Management Conference Fertilizer Market Outlook Lara Moody, P.E. Director of Stewardship Programs The Fertilizer Institute January 15, 2014 www.tfi.org What Drives the Market? Global Aspect

More information

Latin America Fertilizer Demand

Latin America Fertilizer Demand Latin America Fertilizer Demand GPCA Douglas Hoadley September 2017 Legal Notice This presentation is private and confidential. It must not be disclosed in whole or in part, directly or indirectly or in

More information

With an Introduction to Commodities Chase Mathew, Kar Seng Yee Alexander Hu, Christopher Chung

With an Introduction to Commodities Chase Mathew, Kar Seng Yee Alexander Hu, Christopher Chung With an Introduction to Commodities Chase Mathew, Kar Seng Yee Alexander Hu, Christopher Chung The Agriculture Boom Grain futures trading at record highs Wheat Corn Soybeans The Agriculture Boom PowerShares

More information

Fertilizer Outlook

Fertilizer Outlook A/17/85b June 2017 Fertilizer Outlook 2017 2021 Production & International Trade and Agriculture Services International Fertilizer Association (IFA) IFA Annual Conference 22-24 May 2017 Marrakech (Morocco)

More information

Global Agricultural Supply and Demand: Factors contributing to recent increases in food commodity prices

Global Agricultural Supply and Demand: Factors contributing to recent increases in food commodity prices Global Agricultural Supply and Demand: Factors contributing to recent increases in food commodity prices Ron Trostle Economic Research Service U.S. Department of Agriculture Agricultural Markets and Food

More information

The Fertilizer Market at the Global Level

The Fertilizer Market at the Global Level The Fertilizer Market at the Global Level Maximo Torero m.torero@cgiar.org Congress of European Farmers 2014 Brussels, October 6 8 Growing Human Pressure Climate change Ecosystem decline Surprise Source:

More information

World Sorghum Grain Producers

World Sorghum Grain Producers World Sorghum Grain Producers Million Metric Tons 18 16 14 12 12 10 8 6 7 7 6 6 4 4 4 3 2 2 2 2 0 14 MY 2014/15 MY 2015/16 MY 2016/17 Grain Sorghum Exporters Million Metric Tons 10 9 8 7 6 5 4 3 2 1 0

More information

Video. Growing disparities in incomes among regions. A Degenerating Circle: Poverty, Environment & Economy. Are you able to Apply the Following:

Video. Growing disparities in incomes among regions. A Degenerating Circle: Poverty, Environment & Economy. Are you able to Apply the Following: Managing Biological Resources & Environmental Equality The Business of Hunger Now playing: Kurt Bestor, Sam Cardon Prayer of the Children A man who has bread has many problems, a man without bread has

More information

Short-Term Fertilizer Outlook

Short-Term Fertilizer Outlook A/10/170 December 2010 36 th IFA Enlarged Council Meeting New Delhi (India), 2-4 December 2010 Short-Term Fertilizer Outlook 2010-2011 Patrick Heffer and Michel Prud homme International Fertilizer Industry

More information

The GCC Fertilizer Industry s Landscape & Growth Dimension. By Dr. Abdulwahab Al-Sadoun Secretary General, GPCA

The GCC Fertilizer Industry s Landscape & Growth Dimension. By Dr. Abdulwahab Al-Sadoun Secretary General, GPCA The GCC Fertilizer Industry s Landscape & Growth Dimension By Dr. Abdulwahab Al-Sadoun Secretary General, GPCA Agenda Early Fertilizer Production Current Industry Landscape Growth Dimension Challenges

More information

2016 SE Hay Convention Presented by Fertilization Outlook for Hay Producers

2016 SE Hay Convention Presented by Fertilization Outlook for Hay Producers Over the next few minutes Projected Production Costs The False Economy of Shortcuts Fertilizer Value of Different Forage Crops Extension Forage Specialist Crop and Soil Sciences UGA Fertilizer Industry

More information

Revenue Components. Yield Government Programs Crop Insurance

Revenue Components. Yield Government Programs Crop Insurance Farm Financial Conditions 25th Annual Crop Insurance Conference January 22, 2018 Fargo, ND Andrew Swenson Extension Farm Management Specialist Department of Agribusiness and Applied Economics North Dakota

More information

CORN: USDA REPORTS FAIL TO CONFIRM SMALLER SUPPLIES

CORN: USDA REPORTS FAIL TO CONFIRM SMALLER SUPPLIES CORN: USDA REPORTS FAIL TO CONFIRM SMALLER SUPPLIES JANUARY 2001 Darrel Good No. 1 Summary Corn prices managed a significant rally from late September to late December 2000, partially on anticipation of

More information

Predicting Fertilizer Prices

Predicting Fertilizer Prices Predicting Fertilizer Prices Introduction Although fertilizer prices the last three years have been less expensive than they were for the period from 2012 through 2015, fertilizer is still a significant

More information

Wednesday July 11, 2012 World Ag Supply & Demand Report

Wednesday July 11, 2012 World Ag Supply & Demand Report World Ag Supply & Demand Report U.S. 2011/12 Old Crop Corn is neutral Global Old Crop Corn is neutral USDA estimates the 2011/12 U.S. corn carryout at 903 million bushels, up from 851 million bushels from

More information

2014 Southeast Hay Convention

2014 Southeast Hay Convention Fertilization Outlook for Hay Producers Over the next few minutes Projected Production Costs The False Economy of Shortcuts Fertilizer Value of Different Forage Crops Extension Forage Specialist Crop and

More information

Nutrient Removal by Crops

Nutrient Removal by Crops Nutrient Removal by Crops REMOVAL OF PLANT NUTRIENTS BY CEREALS AND FEED GRAINS (LBS. PER BUSHEL) CROP YIELD Nitrogen P2O5 K2O Calcium Magnesium Sulfur Corn Total 1.50 0.60 1.30 0.21 0.20 0.16 Stover 0.50

More information

Agrium: Growing Across the Value Chain

Agrium: Growing Across the Value Chain Agrium: Growing Across the Value Chain February 2009 Forward-Looking Statements Certain statements in this presentation constitute forward-looking statements. Such forwardlooking statements involve known

More information

May 10, USDA World Supply and Demand Estimates

May 10, USDA World Supply and Demand Estimates May 10, 2018 - USDA World Supply and Demand Estimates Corn Market Reaction: July 2018 corn futures closed down ¾ cent at $4.02 with a trading range for the day of $4.00 to $4.07. December 2018 corn futures

More information

G Fertilizing Winter Wheat I: Nitrogen, Potassium, and Micronutrients

G Fertilizing Winter Wheat I: Nitrogen, Potassium, and Micronutrients University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln G02-1460 Fertilizing Winter Wheat I: Nitrogen, Potassium, and Micronutrients Jurg M. Blumenthal Donald H. Sander Nebraska

More information

Crop Market Outlook: Where do we go from here?

Crop Market Outlook: Where do we go from here? 2012-13 Crop Market Outlook: Where do we go from here? Frayne Olson, PhD Crop Economist/Marketing Specialist NDSU Extension Service ND Agricultural Experiment Station Dept. of Agribusiness & Applied Economics

More information

A PARTIAL EQUILIBRIUM ANALYSIS OF GLOBAL FERTILIZER SUPPLY AND DEMAND. A Thesis. Presented to. The Faculty of the Graduate School

A PARTIAL EQUILIBRIUM ANALYSIS OF GLOBAL FERTILIZER SUPPLY AND DEMAND. A Thesis. Presented to. The Faculty of the Graduate School A PARTIAL EQUILIBRIUM ANALYSIS OF GLOBAL FERTILIZER SUPPLY AND DEMAND A Thesis Presented to The Faculty of the Graduate School University of Missouri In Partial Fulfillment Of the Requirements for the

More information

International Energy Outlook 2011

International Energy Outlook 2011 International Energy Outlook 211 Center for Strategic and International Studies, Acting Administrator September 19, 211 Washington, DC U.S. Energy Information Administration Independent Statistics & Analysis

More information

Supply Chain. Corporate Development. Dv Sc Sa Fi. Legal Operations Human Resources. Le Op Hr. CF Industries Holdings, Inc.

Supply Chain. Corporate Development. Dv Sc Sa Fi. Legal Operations Human Resources. Le Op Hr. CF Industries Holdings, Inc. Corporate Development Supply Chain Sales Finance Dv Sc Sa Fi Legal Operations Human Resources Le Op Hr CF Industries Holdings, Inc. NYSE: CF Merrill Lynch Ag Chemicals Conference June 5, 2008 2 For CF

More information

CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES

CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES OCTOBER 2000 Darrel Good Summary The 2000 U.S. corn crop is now estimated at 10.192 billion bushels, 755 million (8 percent) larger

More information

USDA lowered the 2010/11 wheat carry out by 49 million and decreased 2010/11 Yield by.2 bushels/acre.

USDA lowered the 2010/11 wheat carry out by 49 million and decreased 2010/11 Yield by.2 bushels/acre. Friday October 8 th 2010 World Ag Supply & Demand Estimates Very Bullish for Corn Bullish for Soybeans Friendly U.S. Wheat USDA lowered the 2010/11 corn carry out by 214 million and decreased 2010/11 Yield

More information

CHEM. Page 1 AGRICULTURAL CHEMICAL INDUSTRIES, CANADA GENERAL STATISTICS, CANADA UNITS : COSTS OF FUEL & ELECTRICITY IN THOUNSANDS OF DOLLARS

CHEM. Page 1 AGRICULTURAL CHEMICAL INDUSTRIES, CANADA GENERAL STATISTICS, CANADA UNITS : COSTS OF FUEL & ELECTRICITY IN THOUNSANDS OF DOLLARS AGRICULTURAL CHEMICAL INDUSTRIES, CANADA GENERAL STATISTICS, CANADA UNITS : COSTS OF FUEL & ELECTRICITY IN THOUNSANDS OF DOLLARS SIC MAJOR GROUP AND INDUSTRY CANSIM NUMBER OF ESTABLISHMENTS SERIAL # 1990

More information

N, P & K OUTLOOK. Presenter: Jay Yost, Vice President Fertilizer. Fluid Fertilizer Foundation Fresno, California December 7, 2011

N, P & K OUTLOOK. Presenter: Jay Yost, Vice President Fertilizer. Fluid Fertilizer Foundation Fresno, California December 7, 2011 N, P & K OUTLOOK Fluid Fertilizer Foundation Fresno, California December 7, 2011 Presenter: Jay Yost, Vice President Fertilizer Significant Urban Growth in Developing Countries Population - Billions Population

More information

June 12, USDA World Supply and Demand Estimates

June 12, USDA World Supply and Demand Estimates June 12, 2018 - USDA World Supply and Demand Estimates Corn Market Reaction: July 2018 corn futures closed up 10 ¼ cents at $3.77 ½ with a trading range for the day of $3.67 ¼ to $3.79 ½. December 2018

More information

KIVI NIRIA Slim Materiaalgebruik Chemie en Grondstoffen Naar een duurzame voedselproductie

KIVI NIRIA Slim Materiaalgebruik Chemie en Grondstoffen Naar een duurzame voedselproductie KIVI NIRIA Slim Materiaalgebruik Chemie en Grondstoffen Naar een duurzame voedselproductie November 23, 2011 From a fertilizer producers perspective Harold van der Zande 48% of the global population are

More information

Fertilizer prices shoot higher in 2018 New offer sheets pass on higher international costs to farmers By Bryce Knorr, grain market analyst

Fertilizer prices shoot higher in 2018 New offer sheets pass on higher international costs to farmers By Bryce Knorr, grain market analyst Fertilizer prices shoot higher in 2018 New offer sheets pass on higher international costs to farmers By Bryce Knorr, grain market analyst Dealers are ringing in the New Year with updated price sheets

More information

September 12, USDA World Supply and Demand Estimates

September 12, USDA World Supply and Demand Estimates September 12, 2018 - USDA World Supply and Demand Estimates Corn Market Reaction: December 2018 corn futures closed down 14 ¼ cents at $3.52 ½ with a trading range for the day of $3.50 ¾ to $3.66 ¼. December

More information

AGRICULTURE AND FERTILIZERS ANALYSIS, LESSONS, SOLUTIONS. ASH DEC Umwelt AG

AGRICULTURE AND FERTILIZERS ANALYSIS, LESSONS, SOLUTIONS. ASH DEC Umwelt AG AGRICULTURE AND FERTILIZERS ANALYSIS, LESSONS, SOLUTIONS Seite 1 1. GLOBAL TRENDS Seite 2 FERTILIZERS DEMAND DRIVERS Global population increase >1-2% p.a. Bio-fuel production in USA, Latin Americas and

More information

Mississippi and the NATion

Mississippi and the NATion Energy Challenges for Mississippi and the NATion NOIA s mission is to secure reliable access to the nation s valuable offshore energy resources in order that they may be developed, produced and supplied

More information

Plant Nutrients and Plant Nutrient Markets

Plant Nutrients and Plant Nutrient Markets Chemicals for the Non-Chemist Plant Nutrients and Plant Nutrient Markets Citi Basic Materials Symposium New York, NY November 26, 2012 Dr. Michael R. Rahm Vice President Market and Strategic Analysis The

More information

Improvement in global production and a gradual recovery in ending stocks over the past three years have allowed the global wheat market to balance at

Improvement in global production and a gradual recovery in ending stocks over the past three years have allowed the global wheat market to balance at Wheat Improvement in global production and a gradual recovery in ending stocks over the past three years have allowed the global wheat market to balance at much lower prices than in the 2007/08 to 2012/13

More information

December 12, USDA World Supply and Demand Estimates

December 12, USDA World Supply and Demand Estimates December 12, 2017 - USDA World Supply and Demand Estimates Corn Market Reaction: March 2018 corn futures closed down 1 ¼ cents at $3.47 ¾ with a trading range for the day of $3.47 ½ to $3.53. December

More information

Wheat Market Outlook - Spring 2017

Wheat Market Outlook - Spring 2017 Wheat Market Outlook - Spring 217 Industry Outlook Conference Denver, Colorado April 2, 217 DANIEL O BRIEN EXTENSION AGRICULTURAL ECONOMIST U.S. Dollar Index (Trade Weighted) 1973 early April 217 U.S.

More information

Recalibration of the Phosphate Market

Recalibration of the Phosphate Market Phosphate Primer and Market Outlook Recalibration of the Phosphate Market Dr. Michael R. Rahm Vice President Market Analysis and Strategic Planning 19 th Annual Citi Chemicals Conference New York, NY December

More information

August 10, USDA World Supply and Demand Estimates

August 10, USDA World Supply and Demand Estimates August 10, 2017 - USDA World Supply and Demand Estimates Corn Market Reaction: September 2017 corn futures closed down 15 cents at $3.57 ¼ with a trading range for the day of $3.56 ½ to $3.75 ½. December

More information

Jason Henderson Vice President and Branch Executive Federal Reserve Bank of Kansas City Omaha Branch April 25, 2012

Jason Henderson Vice President and Branch Executive Federal Reserve Bank of Kansas City Omaha Branch  April 25, 2012 Jason Henderson Vice President and Branch Executive April 25, 2012 The views expressed are those of the author and do not necessarily reflect the opinions of the Federal Reserve Bank of Kansas City or

More information

Strong position in an attractive market. Annual General Meeting, Oslo 10 May 2007 President and CEO Thorleif Enger

Strong position in an attractive market. Annual General Meeting, Oslo 10 May 2007 President and CEO Thorleif Enger Strong position in an attractive market Annual General Meeting, Oslo 10 May 2007 President and CEO Thorleif Enger 2 Who we are and what we do We are a chemical company with fertilizer application as our

More information

Preliminary Assessment of Energy and GHG Emissions of Ammonia to H2 for Fuel Cell Vehicle Applications

Preliminary Assessment of Energy and GHG Emissions of Ammonia to H2 for Fuel Cell Vehicle Applications Preliminary Assessment of Energy and GHG Emissions of Ammonia to H2 for Fuel Cell Vehicle Applications Michael Wang, Ye Wu, and May Wu Center for Transportation Research Argonne National Laboratory Argonne

More information

2018 Corn & Soybean Market Outlook & Strategies Home, Kansas

2018 Corn & Soybean Market Outlook & Strategies Home, Kansas 2018 Corn & Soybean Market Outlook & Strategies Home, Kansas DANIEL O BRIEN EXTENSION AGRICULTURAL ECONOMIST Topics to be discussed.. 1) Grain Market Analysis & Outlook for 2018 Corn & Grain Sorghum Soybeans

More information

Energy Availability and the Future of the Fertilizer Industry. Rayola Dougher API Senior Economic Advisor

Energy Availability and the Future of the Fertilizer Industry. Rayola Dougher API Senior Economic Advisor Energy Availability and the Future of the Fertilizer Industry Rayola Dougher API Senior Economic Advisor dougherr@api.org Energy: the engine of our economic growth 1974 1980 1986 1992 1998 2004 2010 2016

More information

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril EIA's Global Energy Outlook For The Institute of Energy Economics, Japan October 5, 216 Japan By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov

More information

Fertilizers and Related Chemicals: 2005 Issued August 2006 Summary

Fertilizers and Related Chemicals: 2005 Issued August 2006 Summary Fertilizers and Related Chemicals: 2005 Issued August 2006 Summary MQ325B(05)-5 Current data are released electronically on Internet tons (100 percent H2SO4), approximately 2.3 percent for all individual

More information

Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst

Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst Ammonia joined other forms of nitrogen in the parade of higher costs, with contracts

More information

CURRENT STATUS AND TRENDS OF MINERAL FERTILIZERS WORLD MARKET DEVELOPMENT

CURRENT STATUS AND TRENDS OF MINERAL FERTILIZERS WORLD MARKET DEVELOPMENT International Journal of Agricultural Science and Research (IJASR) ISSN 2250-0057 Vol. 3, Issue 2, Jun 2013, 37-42 TJPRC Pvt. Ltd. CURRENT STATUS AND TRENDS OF MINERAL FERTILIZERS WORLD MARKET DEVELOPMENT

More information

A collaborative society; a world without hunger; a planet respected. Yara in brief

A collaborative society; a world without hunger; a planet respected. Yara in brief A collaborative society; a world without hunger; a planet respected Yara in brief Global solutions Yara delivers a wide range of solutions for farmers and industrial users, leveraging our experience and

More information

Fertilizers and Related Chemicals: 2006 Issued July 2007 Summary

Fertilizers and Related Chemicals: 2006 Issued July 2007 Summary Fertilizers and Related Chemicals: 2006 Issued July 2007 Summary MQ325B(06)-5 Current data are released electronically on Internet tons (100 percent H2SO4), approximately 3.4 for all individual surveys

More information

Advanced Biology: Bahe & Deken. Agriculture & Nutrition. Chapter 9. Text Page

Advanced Biology: Bahe & Deken. Agriculture & Nutrition. Chapter 9. Text Page Agriculture & Nutrition Chapter 9 Text Page - 107 - 9.1 Strategy of Agriculture What does it take to put food on the table at your house? Think about this question in terms of economics, energy, and ecology.

More information

IFA Medium-Term Fertilizer Outlook

IFA Medium-Term Fertilizer Outlook IFA Medium-Term Fertilizer Outlook 2015 2019 Olivier Rousseau IFA Secretariat Afcome 2015 Reims, France October 21 st - 23 rd 2015 Outlook for World Agriculture and Fertilizer Demand Economic and policy

More information

The Role of Agricultural Technology in the Future of Midwest Farms: A Seed Sector View

The Role of Agricultural Technology in the Future of Midwest Farms: A Seed Sector View The Role of Agricultural Technology in the Future of Midwest Farms: A Seed Sector View Jerry Flint Vice President, Global Initiatives and Sustainability November 27, 218 Insert Agriculture Risk Classification

More information

Total Net Exports 105, , , , , , , , , , ,153

Total Net Exports 105, , , , , , , , , , ,153 Wheat Trade Net Exporters Argentina 7,495 6,454 7,206 6,988 7,144 7,205 7,343 7,492 7,737 7,766 7,711 Australia 18,900 20,066 20,021 20,047 20,254 20,486 20,827 21,027 21,262 21,494 21,619 Canada 17,600

More information

June 9, USDA World Supply and Demand Estimates

June 9, USDA World Supply and Demand Estimates June 9, 2017 - USDA World Supply and Demand Estimates Corn Market Reaction: July 2017 corn futures closed up 2 cents at $3.87 ¾ with a trading range for the day of $3.80 ¾ to $3.89 ½. December 2017 corn

More information

Fertilizer Industry s Views: Enhancing Agricultural Productivity Sustainably. Luc M. Maene, Director General, IFA

Fertilizer Industry s Views: Enhancing Agricultural Productivity Sustainably. Luc M. Maene, Director General, IFA Fertilizer Industry s Views: Enhancing Agricultural Productivity Sustainably Luc M. Maene, Director General, IFA 2010 Fluid Fertilizer Foundation Forum, Scottsdale, AZ, USA, 14-16 February 2010 The challenge

More information

CORN: MARKET TO REFLECT U.S. AND CHINESE CROP PROSPECTS

CORN: MARKET TO REFLECT U.S. AND CHINESE CROP PROSPECTS CORN: MARKET TO REFLECT U.S. AND CHINESE CROP PROSPECTS JULY 2001 Darrel Good 2001 - No. 6 Summary The USDA s June Acreage and Grain Stocks reports provided some modest fundamental support for the corn

More information

Agriculture Commodity Markets & Trends

Agriculture Commodity Markets & Trends Agriculture Commodity Markets & Trends Agenda Short History of Agriculture Commodities US & World Supply and Demand Commodity Prices Continuous Charts What is Contango and Backwardation Barge, Truck and

More information

January 12, USDA World Supply and Demand Estimates

January 12, USDA World Supply and Demand Estimates January 12, 2018 - USDA World Supply and Demand Estimates Corn Market Reaction: March 2018 corn futures closed down 2 ½ cents at $3.46 ¼ with a trading range for the day of $3.45 ½ to $3.50. December 2018

More information

Grain Market Outlook for

Grain Market Outlook for Grain Market Outlook for 2017-2018 KSU Ag Econ 520 Fall 2017 Manhattan, Kansas DANIEL O BRIEN EXTENSION AGRICULTURAL ECONOMIST Topics to be discussed.. 1) Grain Market Analysis & Outlook Corn & Grain Sorghum

More information

USDA lowered the 2010/11 wheat carry out by 5 million and decreased 2010/11 Yield by.3 bushels/acre.

USDA lowered the 2010/11 wheat carry out by 5 million and decreased 2010/11 Yield by.3 bushels/acre. Tuesday November 9 th 2010 World Ag Supply & Demand Estimates Slightly Bullish for Corn More Bullish for Soybeans Friendly U.S. Wheat USDA lowered the 2010/11 corn carry out by 75 million and decreased

More information

Soybean Supply and Demand Forecast

Soybean Supply and Demand Forecast Soybean Supply and Demand Forecast U.S. soybean planted acreage is expected to increase 5.7 million acres over the forecast period. U.S. soybean yields are expected to increase 2.2 bushels per acre or

More information

Natural Gas and Nitrogen Fertilizer. WSU ALL Extension Conference March 7, 2997 Spokane, Washington

Natural Gas and Nitrogen Fertilizer. WSU ALL Extension Conference March 7, 2997 Spokane, Washington Natural Gas and Nitrogen Fertilizer WSU ALL Extension Conference March 7, 2997 Spokane, Washington Outline of Presentation Agrium Overview Natural Gas and Nitrogen Fertilizer Production U.S. Impacts to

More information

January 12, USDA World Supply and Demand Estimates

January 12, USDA World Supply and Demand Estimates January 12, 2017 - USDA World Supply and Demand Estimates Corn This month s U.S. corn outlook is for lower production, reduced feed and residual use, increased corn used to produce ethanol, and smaller

More information

Terra Industries Inc.

Terra Industries Inc. Terra Industries Inc. East Coast Roadshow Presented by: Michael L. Bennett President and CEO Forward-Looking Statements This presentation may contain forward-looking statements, which involve inherent

More information

SOUTH AFRICAN FERTILIZERS MARKET ANALYSIS REPORT 2017

SOUTH AFRICAN FERTILIZERS MARKET ANALYSIS REPORT 2017 SOUTH AFRICAN FERTILIZERS MARKET ANALYSIS REPORT 217 Directorate Marketing Tel: 12 319 8455 Private Bag X 15 Fax: 12 319 8131 Arcadia E-mail:MogalaM@daff.gov.za 7 www.daff.gov.za TABLE OF CONTENTS 1. DESCRIPTION

More information

IFA Crossroad Asia-Pacific Disclaimer

IFA Crossroad Asia-Pacific Disclaimer Disclaimer This presentation was prepared by ICL Fertilizers for the benefit and internal use of analysts visit to DSW. In providing this presentation ICL Fertilizers has relied upon information that is

More information

Importance of Phosphorus in Plant and Human Nutrition

Importance of Phosphorus in Plant and Human Nutrition Importance of Phosphorus in Plant and Human Nutrition The Role of Fertilizer in Global Food Security and World Phosphate Reserves and Resources Report Release Terry Roberts, PhD President, IPNI Wednesday,

More information

Economic Analysis of Field Crops and Land Use with Climate Change

Economic Analysis of Field Crops and Land Use with Climate Change Economic Analysis of Field Crops and Land Use with Climate Change Ron Sands Joint Global Change Research Institute Battelle PNNL University of Maryland Cost of Inaction Workshop German Institute for Economic

More information

FERTILISERS FROM AIR AND WATER WITH LOW-CARBON ELECTRICITY ILKKA HANNULA, VTT

FERTILISERS FROM AIR AND WATER WITH LOW-CARBON ELECTRICITY ILKKA HANNULA, VTT FERTILISERS FROM AIR AND WATER WITH LOW-CARBON ELECTRICITY ILKKA HANNULA, VTT WP3 WORKSHOP 11.1.2015 Nitrogen (N) is an essential element of life and a part of all plant and animal proteins. Nitrogen is

More information

2012 Farm Outlook. Highlights

2012 Farm Outlook. Highlights 2012 Farm Outlook Office of the Chief Economist USDA Highlights A promising spring planting was followed by historic drought. Record high commodity prices followed. Farm incomes are expected to be near

More information

Passport Potash Holbrook Basin

Passport Potash Holbrook Basin Passport Potash Holbrook Basin Project Overview (as of September, 2011) Summary of Operation: Passport Potash, Inc. has secured (via ownership, lease or other agreement) the approval to conduct exploration

More information

Crop Input Fundamentals Report. December 2018

Crop Input Fundamentals Report. December 2018 Crop Input Fundamentals Report December 2018 Forward Looking Statements 2 Certain statements and other information included in this presentation constitute "forward-looking information" or "forward-looking

More information

The outlook for global food and agricultural markets

The outlook for global food and agricultural markets United Nations Conference on Trade and Development 10th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 25-26 April 2018, Geneva The outlook for global food and agricultural markets By Holger

More information

Market Overview. Southwestern Fertilizer Conference. July 2017

Market Overview. Southwestern Fertilizer Conference. July 2017 Market Overview Southwestern Fertilizer Conference July 2017 Forward Looking Statements This presentation contains forward-looking statements" (within the meaning of the US Private Securities Litigation

More information

Ammonium sulfate plants

Ammonium sulfate plants Industrial Solutions Ammonium sulfate plants Make the best of your by-product! 2 The fluidized bed granulator is the centerpiece of the production plant. It is where the liquid ammonium sulfate is turned

More information

World and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 2050) and Beyond

World and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 2050) and Beyond World and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 25) and Beyond Energy and Environment Symposium April 18, 218 Rifle, Colorado by Troy Cook, Senior Global Upstream Analyst,

More information

Looking at the Economics of the Next Generation of Biofuels

Looking at the Economics of the Next Generation of Biofuels Looking at the Economics of the Next Generation of Biofuels Chad Hart Center for Agricultural and Rural Development Iowa State University E-mail: chart@iastate.edu May 27, 2008 Breeding Lignocellulosic

More information

CORN: ATTENTION NOW TURNS TO THE NEW CROP

CORN: ATTENTION NOW TURNS TO THE NEW CROP CORN: ATTENTION NOW TURNS TO THE NEW CROP APRIL 2002 Darrel Good 2002-No. 3 Summary The USDA s March Grain Stocks report revealed larger corn inventories than the market expected, but recent export activity

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 Annual Energy Outlook 215 for Asia Pacific Energy Research Centre Annual Conference 215 Tokyo, Japan by Sam Napolitano Director of the Office of Integrated and International Energy Analysis U.S. Energy

More information

Land Application of Biosolids Rules, Regulations and Benefits EPA regulations, under Title 40 Code of Federal Regulations Part 503 (40 CFR 503) -

Land Application of Biosolids Rules, Regulations and Benefits EPA regulations, under Title 40 Code of Federal Regulations Part 503 (40 CFR 503) - Land Application of Biosolids Rules, Regulations and Benefits Biosolids are frequently used for land application on cropland, pastures or timberland, where they decompose and furnish N-nitrogen, P- phosphorus

More information

2016 Risk and Profit Conference General Session Speakers. GENERAL SESSION IV Grain Market Situation and Outlook

2016 Risk and Profit Conference General Session Speakers. GENERAL SESSION IV Grain Market Situation and Outlook 2016 Risk and Profit Conference General Session Speakers GENERAL SESSION IV Grain Market Situation and Outlook Dan O Brien, Kansas State University Daniel O Brien was raised on a grain and livestock farm

More information

Brownlee. President and CFO. May 17, 2011

Brownlee. President and CFO. May 17, 2011 Wayne Brownlee Executive Vice President and CFO Growing with Saskatchewan May 17, 2011 PotashCorp.com PotashCorp Company Overview: A Global Fertilizer Leader PotashCorp A Global Company ICL APC Sinofert

More information

Rice price relationships are becoming distorted again this year. The relatively thin rice market compared to other agricultural commodities and concen

Rice price relationships are becoming distorted again this year. The relatively thin rice market compared to other agricultural commodities and concen Rice Rice price relationships are becoming distorted again this year. The relatively thin rice market compared to other agricultural commodities and concentration of trade in Asia are factors that are

More information

USDA WASDE Report. Friday April 9 th 2010 World AG Supply & Demand Estimates. Office Friday April 09, 2010

USDA WASDE Report. Friday April 9 th 2010 World AG Supply & Demand Estimates. Office Friday April 09, 2010 Friday April 9 th 2010 World AG Supply & Demand Estimates The trade was expecting the new carry out to incorporate additional stocks resulting from the March 31 grain stocks report which was not reflected

More information

Plant Nutrients and Plant Nutrient Markets

Plant Nutrients and Plant Nutrient Markets Plant Nutrients and Plant Nutrient Markets Citi Basic Materials Conference New York, NY November 28, 2016 Andy J. Jung Director, Market and Strategic Analysis The Mosaic Company Presenter: Date: Safe Harbor

More information

CORN: SMALLER SUPPLIES ON THE HORIZON. April 2001 Darrel Good No. 3

CORN: SMALLER SUPPLIES ON THE HORIZON. April 2001 Darrel Good No. 3 CORN: SMALLER SUPPLIES ON THE HORIZON April 2001 Darrel Good 2001- No. 3 Summary The USDA s March Grain Stocks and Prospective Plantings report released on March 30 provided some fundamentally supportive

More information

Seed Market.

Seed Market. Indian Seed The seed industry has witnessed a substantial change in the past century, with farmers relying on purchasing seeds from market with better traits rather than relying on seeds from previous

More information