Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst
|
|
- Dominick Lyons
- 6 years ago
- Views:
Transcription
1 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 for February settling almost 3% higher. Increased domestic production in the U.S. isn t coming online fast enough to offset an international supply chain filled with constraints. Ammonia prices will be some $63.5 higher at the Gulf this week, the third month in a row of higher costs that increased the official settlement price a ton to $ That could take the average cost of ammonia to $55, fully above our current average. With central Corn Belt retail prices running close to already, the potential increase could put even more pressure on growers to switch to soybeans or in-season nitrogen applications for corn. In addition to rising costs for UAN and urea this winter, lack of shipments out of the Black Sea caused prices from the Middle East to rise sharply as well. Urea prices slowed their pace of gains but still continued to rise last week. Costs at the Gulf showed signs of weakening, causing some imports to be diverted to higher priced markets and in term forcing prices back higher here too. The $253 index price at the Gulf was up $4 and translates into a retail cost of almost, compared to our current retail average of $342, which was little changed. Swaps out of the Black Sea and Gulf for March suggest the market could rise around $5 more before slowly starting to work back lower again. Traders will be watching suppliers in China when markets there reopen after Lunar New Year holidays to see if exports start flowing again. China makes its supplies from coal, which was caught in a speculative bubble of rising prices last fall. Coal prices are down, but still more than double year-ago values, which could keep exports limited. UAN prices are also continuing to rise, up $2.5 last week on the index for 32% at the Gulf and set to move another $22.5 higher by March. The deferred price of $192.5 translates into a retail cost for 28% of $275, $55 higher than our current retail average. UAN is said to be in short supply as growers delayed nitrogen purchases, and the increases could put plans for sidedressing at risk. Phosphates showed a few signs of life last week, after staying very quiet compared to other nutrients this winter. India was back in the market and bad weather is delaying shipments out of Morocco, with U.S. exports rising too. The Gulf DAP price was up $3.5 to $313.45, which translates into a retail cost of $475, around $6 higher than current retail prices average, which gained around $1. Swaps show potential for the Gulf price to move another $1 higher into March, with only modest price reductions into summer. Potash prices were fairly quiet on both retail and wholesale markets, though there s potential for higher prices for growers yet to book supplies. The average retail price is running around $312, up $1 last week. But that s $4 less than suggested by the current Midwest wholesale price of $247, which was steady. March prices are a little higher, suggesting a market that s firm for now, at least in the U.S.
2 Retail Fertilizer Prices DAP Potash Urea Ammonia $7 $65 $55 $45 $35 Iowa Fertilizer Prices per ton $85 $75 $65 $55 $45 $35 $25 Jan 11 Jan 13 Jan 15 Jan 17 Source: USDA Ammonia Urea MAP Potash $1,2 Illinois Fertilizer Prices Ammonia DAP Potash Urea $1, per ton Sep 8 Sep 1 Sep 12 Sep 14 Sep 16 Source: USDA
3 per short ton $9 $7 Ammonia vs Corn Gulf Ammonia Nearby Corn $9. $8. $7. $6. $5. $4. $3. $2. $1. $ $ per bushel 35, 3, 25, 2, 15, 1, 5, U.S. Ammonia Stocks year end, metric tons N Source: USGS
4 U.S. Ammonia Inventories vs Price $9 $7 $ Apr/4 Nov/4 Jun/5 Jan/6 Aug/6 Mar/7 Oct/7 May/8 Dec/8 Jul/9 Feb/1 Sep/1 Apr/11 Nov/11 Jun/12 Jan/13 Aug/13 Mar/14 Oct/14 May/15 Dec/15 Jul/16 million short tons Inventory Gulf Price $775 $675 $575 $475 $375 $275 $175 Ammonia Retail Gulf
5 $9 Farmgate Ammonia April price $ per ton $- Source: USDA, Farm Futures NOTE: Fair Values are projections of what current farmgate cost of product should be, based on international wholesale price points. Midwest/S. Plains are based off supply and demand factors.
6 $55 $45 $35 $25 $15 Urea Retail Gulf U.S. Urea Inventories vs Price Inventory Gulf Price $7 $ Jan/2 Nov/2 Sep/3 Jul/4 May/5 Mar/6 Jan/7 Nov/7 Sep/8 Jul/9 million short tons May/1 Mar/11 Jan/12 Nov/12 Sep/13 Jul/14 May/15 Mar/16 Gulf Urea Swaps Curve $27 $26 $25 $24 $23 $22 $21 17 Feb 17 May 17 Aug 17 Nov 18 Feb 18 May 18 Aug
7 Black Sea Urea Ave. $35 per metric ton $25 $15 Jan Mar May Jul Sep Nov Average $7 Farmgate Urea April price per ton $- Source: USDA, Farm Futures NOTE: Fair Values are projections of what current farmgate cost of product should be, based on international wholesale price points. Fundamentals are projections made off current supply and demand factors.
8 $375 UAN Retail 28% Gulf 32% $325 $275 $225 $175 $125 U.S. UAN Inventories vs Price 1.6 Inventory Gulf Price million short tons $ Apr/4 Dec/4 Aug/5 Apr/6 Dec/6 Aug/7 Apr/8 Dec/8 Aug/9 Apr/1 Dec/1 Aug/11 Apr/12 Dec/12 Aug/13 Apr/14 Dec/14 Aug/15 Apr/16 Gulf UAN (32%) Swaps Curve $19 $18 $17 $16 $15 $14 $13 $12 17 Feb 17 Apr 17 Jun 17 Aug 17 Oct 17 Dec
9 $28 $26 $24 $22 $18 $16 $14 $12 UAN Gulf Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmgate UAN 28% April price per ton $45 $35 $25 $15 $5 $ Source: Farm Futures NOTE: Fair Values are projections of what current farmgate cost of product should be, based on international wholesale price points. Fundamentals are projections made off current supply and demand factors.
10 $55 $45 $35 $25 DAP Retail Gulf million metric tons U.S. MAP/DAP Inventories vs Price Inventory Gulf DAP Price $1,2 $1, $ Apr/5 Nov/5 Jun/6 Jan/7 Aug/7 Mar/8 Oct/8 May/9 Dec/9 Jul/1 Feb/11 Sep/11 Apr/12 Nov/12 Jun/13 Jan/14 Aug/14 Mar/15 Oct/15 May/16 45,, 4,, 35,, 3,, 25,, 2,, 15,, 1,, 5,, U.S. Phosphate Rock Consumption metric tons
11 Gulf DAP Swaps Curve $326 $324 $322 $32 $318 $316 $314 $312 $31 $38 $36 17 Feb 17 Apr 17 Jun 17 Aug 17 Oct 17 Dec Tampa DAP metric ton Ave $48 $46 $44 $42 $38 $36 $34 $32
12 per ton $9 $7 $- Farmgate DAP April price Source: USDA, Farm Futures NOTE: Fair Values are projections of what current farmgate cost of product should be, based on international wholesale price points. Fundamentals are projections made off current supply and demand factors.
13 $56 $51 $46 $41 $36 $31 $26 $21 Retail Potash Midwest Terminal million metric tons North American Potash Inventories vs Price Inventory Midwest Price Jan/ Oct/ Jul/1 Apr/2 Jan/3 Oct/3 Jul/4 Apr/5 Jan/6 Oct/6 Jul/7 Apr/8 Jan/9 Oct/9 Jul/1 Apr/11 Jan/12 Oct/12 Jul/13 Apr/14 Jan/15 Oct/15 Jul/16 $1, $ U.S. Potash Consumption metric tons 8,, 7,, 6,, 5,, 4,, 3,, 2,, 1,,
14 Midwest Potash $/st Average $ $ $ Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec per ton $9 $7 $- Farmgate Potash April price Source: USDA, Farm Futures NOTE: Fair Values are projections of what current farmgate cost of product should be, based on international wholesale price points. Fundamentals are projections made off current supply and demand factors.
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 informationFall fertilizer costs jump higher again Ammonia Urea UAN Phosphates Potash
Fall fertilizer costs jump higher again Dealers pay more to buy new inventory for growers planning fall applications By Bryce Knorr, grain market analyst Fertilizer costs moved mostly higher last week,
More informationGood news from China China returns to fertilizer market as a seller, increasing supplies By Bryce Knorr, grain market analyst
Good news from China China returns to fertilizer market as a seller, increasing supplies By Bryce Knorr, grain market analyst Farmers have heard mostly bearish news about China in the second half of 2018.
More informationFertilizer rally shows signs of cracks Better weather a good news/bad news story for applications By Bryce Knorr, grain market analyst
Fertilizer rally shows signs of cracks Better weather a good news/bad news story for applications By Bryce Knorr, grain market analyst Better weather as October ends has farmers back in the field for harvest.
More informationSigns align for corn profit hopes Short crop in Brazil could be fix the market needs By Bryce Knorr, senior grain market analyst
Signs align for corn profit hopes Short crop in Brazil could be fix the market needs By Bryce Knorr, senior grain market analyst Corn growers enjoyed an outbreak of optimism last week at Commodity Classic
More informationU.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 informationCan corn market think for itself? Fundamentals say prices should be higher By Bryce Knorr, senior grain market analyst
Can corn market think for itself? Fundamentals say prices should be higher By Bryce Knorr, senior grain market analyst When supply and demand talk, markets are supposed to listen. But sometimes it can
More informationBut There s A Bigger Issue!
Plenty Of Issues To Talk About Trade war impact Size of the crops USDA data vacuum slowly fills Acreage questions Price forecast Input buying Weather Net farm income estimates Farm financial trends But
More informationSanta Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst
Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst Rallies are always possible in corn, even in down markets. Trouble is, they don
More informationIs that it for 2018 corn rally? Demand is good, but gains depend on weather By Bryce Knorr, senior grain market analyst
Is that it for 2018 corn rally? Demand is good, but gains depend on weather By Bryce Knorr, senior grain market analyst July weather is usually the key metric for determining corn yields, and most years,
More informationGrowers who hedge now should cover the upside with call options, say selling a December SRW $6.20 call to pay for a $5.20.
Wheat market tries to get its mojo back Tighter global supplies should boost U.S. export hopes By Bryce Knorr, Senior Grain Market Analyst In a world without noise, the wheat market would be ready to rally.
More informationAdditional Metal & Fertilizer Price Notes
Additional Metal & Fertilizer Price Notes Prices for 6 June 2014 London Metal Exchange (LME) Official Prices, US$ per metric tonne Contract Aluminium Alloy Aluminium Copper Lead Nickel Tin Zinc Cash Buyer
More informationSEPTEMBER HOGS AND PIGS REPORT
October 1, 2001 Ames, Iowa Econ. Info. 1823 SEPTEMBER HOGS AND PIGS REPORT There was good news for pork producers in the USDA September Hogs and Pigs report released September 28, 2001. USDA estimates
More informationFarming is a gamble, and 2018 looked like a year when soybean growers rolled snake eyes then doubled down and rolled them again.
Take the money and run Good yields, forward sales and Sonny Money could mean a profit By Bryce Knorr, senior grain market analyst Farming is a gamble, and 2018 looked like a year when soybean growers rolled
More informationProspects for Corn Trade in 2018/19 and Beyond
Prospects for Corn Trade in 2018/19 and Beyond Ben Brown Department of Agricultural, Environmental, and Development Economics The Ohio State University February 15, 2019 The agricultural industry is a
More informationMorning Comments
Next USDA Reports: Tomorrow, Friday April 8, 2011 WASDE & Crop Production Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop
More informationNo lipstick for this pig USDA report bearish for soybeans -- period By Bryce Knorr, senior grain market analyst
No lipstick for this pig USDA report bearish for soybeans -- period By Bryce Knorr, senior grain market analyst USDA s September reports were about as bearish for soybeans as you can get. A bigger than
More informationElectric Forward Market Report
Mar-01 Mar-02 Jun-02 Sep-02 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04 Jun-04 Sep-04 Dec-04 Mar-05 May-05 Aug-05 Nov-05 Feb-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Apr-08 Jun-08 Sep-08 Dec-08
More informationMarket Alert. China NPK Statistical Update October 2016 Statistics. China MOP Imports. China Exports. China Imports
Market Alert China NPK Statistical Update October Statistics China showed signs of life in October on both the import and export front, though overseas shipments of key fertilizer products continued to
More informationFertiliser 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 informationRecalibration 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 informationWhat are the risks? Crop Market Outlook
What are the risks? 2012-13 Crop Market Outlook Frayne Olson, PhD Crop Economist/Marketing Specialist NDSU Extension Service ND Agricultural Experiment Station Dept. of Agribusiness & Applied Economics
More informationLAGGING EXPORTS SLIGHTLY NEGATIVE TO CORN PRICES
November 5, 2001 Ames, Iowa Econ. Info. 1825 LAGGING EXPORTS SLIGHTLY NEGATIVE TO CORN PRICES While current utilization projections show record corn use for the year ahead, the slow start for corn export
More informationCorn and Soybean Market Update, August 9, 2017
Corn and Soybean Market Update, August 9, 2017 Aaron Smith Assistant Professor Department of Agricultural and Resource Economics University of Tennessee Extension https://ag.tennessee.edu/arec/pages/cropeconomics.aspx
More informationIowa Farm Outlook. December 15, 2004 Ames, Iowa Econ. Info. 1900
Iowa Farm Outlook December 15, 24 Ames, Iowa Econ. Info. 19 Beef and Pork Price Relationships Historically, beef and pork prices have moved somewhat together. They are substitutes in the consumer s shopping
More informationJoe 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 information2014 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 informationCrop 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 informationRain and grain Best hope for rally could be January USDA report. By Bryce Knorr, Senior Grain Market Analyst
Rain and grain Best hope for rally could be January USDA report By Bryce Knorr, Senior Grain Market Analyst Corn and soybeans aren t the only numbers in play when USDA releases its Jan. 11 reports. Weather
More information2016 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 informationThe Nutrient Value of Manure: What s it Really Worth? Brad Joern Department of Agronomy
The Nutrient Value of Manure: What s it Really Worth? Brad Joern Department of Agronomy Manure Does Have Value! Manure can be a valuable nutrient resource if you know: Nutrient content Application rate
More informationMarket Alert. China NPK Statistical Update February Highlights. China Plant Nutrient Exports. Exports
Market Alert China NPK Statistical Update February Exports China Customs reported that high-analysis phosphate exports (DAP/ MAP/TSP) fell to 65,200 tonnes in February, a drop of 54% from uary and 58%
More informationSituation and Outlook of the Canadian Livestock Industry
Situation and Outlook of the Canadian Livestock Industry 2011 USDA Agricultural Outlook Forum Tyler Fulton February 25, 2011 tyler@hamsmarketing.ca Lost in Translation Canadian Livestock Industry - Outline
More informationMorning Comments
Next USDA Reports: Wednesday May 11, 2011 WASDE & Crop Production Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop 2011
More information2012 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 informationCORN: 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 information2018/19 Crop Market Outlook & Strategies
2018/19 Crop Market Outlook & Strategies November CBOT Soybean Futures Frayne Olson, PhD Crop Economist/Marketing Specialist Director Burdick Center for Cooperatives frayne.olson@ndsu.edu 701-231-7377
More informationCommodity Market Outlook
Commodity Market Outlook Jim Hilker Professor and MSU Extension Economist Department of Agricultural, Food, and Resource Economics Michigan State University Market Outlook Reports for January 6, 2017 (Written
More informationMorning Comments
Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop 2011 Crop 2012 Crop Corn 90% sold with basis set 50% sold HTA 30% sold
More informationNew Specialty Crops for California
New Specialty Crops for California Mark Gaskell, Farm Advisor UC Cooperative Extension - Santa Maria UC Statewide Small Farm Program California Offers A Special Mix Diverse growing environments Large,
More informationTerra 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 informationGrains Outlook for 2014 SAEA Crops Outlook Organized Symposium Dallas, TX February 4, 2014
Grains Outlook for 2014 SAEA Crops Outlook Organized Symposium Dallas, TX February 4, 2014 Dr. Nathan B. Smith (UGA) and Dr. Mark Welch (TAMU) Corn Corn Situation Record production. Leveling off of corn-starch
More informationThe 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 informationCrops Marketing and Management Update
Crops Marketing and Management Update Grains and Forage Center of Excellence Dr. Todd D. Davis Assistant Extension Professor Department of Agricultural Economics Vol. 2019 (2) February 27, 2019 Topics
More informationGRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS
January 2, 2001 Ames, Iowa Econ. Info. 1804 GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS Corn and soybean futures prices have shown some volatility in the last
More informationCommodity Outlook: September 2017 West Central Illinois: July 2017
Commodity Outlook: September 2017 West Central Illinois: July 2017 William George Senior Agriculture Economist U.S. Department of Agriculture Foreign Agriculture Service Office of Global Analysis Commodity
More informationSOYBEANS: SMALLER STOCKS, MORE ACRES, AND EARLY WEATHER WORRIES
SOYBEANS: SMALLER STOCKS, MORE ACRES, AND EARLY WEATHER WORRIES APRIL 2000 Darrel Good Summary March 1, 2000 stocks of soybeans were estimated at 1.397 billion bushels, 60 million less than on the same
More informationPhosphate Outlook. TFI Outlook Conference Marriott Marriott Waterside Hotel and Marina Tampa, FL November 20, 2013
Phosphate Outlook TFI Outlook Conference Marriott Marriott Waterside Hotel and Marina Tampa, FL November 20, 2013 Dr. Michael R. Rahm Vice President, Market and Strategic Analysis The Mosaic Company Safe
More informationIowa Farm Outlook. July 31, 2006 Ames, Iowa Econ. Info Midyear Cattle Inventory Report
Iowa Farm Outlook July 31, 2006 Ames, Iowa Econ. Info. 1939 Overview Midyear Cattle Inventory Report USDA released two reports estimating July 1, 2006 cattle inventories; the midyear Cattle report and
More informationFertiliser Price to Drift Lower Mid-Year
March 217 Fertiliser Price to Drift Lower Mid-Year A Silver Lining for Farmers Who Can Delay Purchases RaboResearch Food & Agribusiness far.rabobank.com Lead authors Victor Ikeda Analyst + (11) 3718 Dirk
More informationSupply 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 informationWheat Outlook November 10, 2018 Volume 27, Number 71
Today s Newsletter Market Situation WASDE 1 Crop Progress 5 Weather 6 Market Situation WASDE. The only change to the U.S. supply and demand balance sheet for U.S. wheat in this month s World Agricultural
More informationBasis is lousy, but not everywhere Cash markets a barometer for corn and soybean yields By Bryce Knorr
Basis is lousy, but not everywhere Cash markets a barometer for corn and soybean yields By Bryce Knorr The 217 marketing year for corn and soybeans ended on a very weak note for basis as bids got ready
More informationMarket Update. October 2018
Market Update October 218 Forward Looking Statements 2 Certain statements and other information included in this presentation constitute "forward-looking information" or "forward-looking statements" (collectively,
More informationN, 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 informationUS Imported Beef Market A Weekly Update
US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVIII, Issue 49 December 14, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com
More informationFertilizer 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 informationMorning Comments
Next USDA Reports: Friday April 8, 2011 WASDE & Crop Production Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop 2011 Crop
More informationFACTORS CREATING RISK IN U.S. GRAIN MARKETS
FACTORS CREATING RISK IN U.S. GRAIN MARKETS WAY TOO EARLY GRAIN MARKET OUTLOOK TO 2050 22 ND NATIONAL WORKSHOP FOR DAIRY ECONOMISTS & POLICY ANALYSTS APRIL 30, 2015 JOHN NEWTON UNIV. OF ILLINOIS JCNEWT@ILLINOIS.EDU
More informationWorried About High N Prices?
Worried About High N Prices? Keith A Kelling and Larry G Bundy Department of Soil Science University of Wisconsin - Madison Nitrogen - A Simplified Flow Diagram Natural Gas 33.5 MMBtu/ton Carbon Dioxide
More informationWheat Outlook July 17, 2017 Volume 26, Number 41
Today s Newsletter Market Situation Crop Progress 1 Weather 2 Grain Use 5 Market Situation Crop Progress. The U.S. spring wheat crop index this week is down another 5 points to 278. The very poor category
More informationEASTERN CORN BELT DELAYS CONTINUE, MORE FARM PROGRAM DETAILS
May 31, 22 Ames, Iowa Econ. Info. 1839 EASTERN CORN BELT DELAYS CONTINUE, MORE FARM PROGRAM DETAILS Corn prices in the next two weeks will continue to be moderately sensitive to weather and planting progress
More informationIowa Farm Outlook. October 2015 Ames, Iowa Econ. Info Hogs & Pigs Report: As Expected Inventories Larger
Iowa Farm Outlook 0BDepartment of Economics October 2015 Ames, Iowa Econ. Info. 2066 Hogs & Pigs Report: As Expected Inventories Larger USDA s September Hogs and Pigs Report was full of information in
More informationFertilizers in Brazil New opportunities
Third International Conference on Slow- and Controlled- Release and Stabilized Fertilizers Fertilizers in Brazil New opportunities Rio de Janeiro March, 213 Index 1. Brazilian Agriculture Fertilizer Market;
More informationMarket Outlook. David Reinbott.
Market Outlook David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu Trending Issues China,
More informationRed Meat and Poultry Outlook. Curt Lacy Extension Economist-Livestock
Red Meat and Poultry Outlook Curt Lacy Extension Economist-Livestock Overview Current meat S&O Beef S&O Pork Poultry Livestock producers situation Red Meat and Poultry in Cold Storage Total number 9% higher
More informationCrop 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 informationEIA Winter Fuels Outlook
EIA 2018 19 Winter Fuels Outlook U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The main determinants of winter heating fuels expenditures are temperatures and prices
More informationUnderstanding the 2011 Planting Outlook, Ethanol, and Food Pricing. March 31, 2011
Understanding the 2011 Planting Outlook, Ethanol, and Food Pricing March 31, 2011 Planted acres by crop USDA Prospective Plantings report based on farmer surveys conducted during first two weeks of March
More informationn Trade disruptions and large fall crops have had the biggest impacts on grain markets so far this year.
November 18 Grain Elevator Outlook 18/19 Key Points: n Trade disruptions and large fall crops have had the biggest impacts on grain markets so far this year. n The U.S.-China trade dispute has impacted
More informationUS Imported Beef Market A Weekly Update
US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 49 December 8, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612
More informationIowa Farm Outlook. Department of Economics July, 2011 Ames, Iowa Econ. Info % chg % chg
Iowa Farm Outlook Department of Economics July, 2011 Ames, Iowa Econ. Info. 2015 US Hog Industry Expanding Slowly, but is Iowa Going Hog Wild? The June Hog and Pig Report reported swine inventories to
More informationDemand Pull Pressure (Again)
Near Term Potash Outlook Demand Pull Pressure (Again) Fertilizer Outlook and Technology Conference Savannah, GA November 17, 2010 Dr. Michael R. Rahm Vice President, Market and Strategic Analysis The Mosaic
More informationUS Imported Beef Market A Weekly Update
US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume 19, Issue 10 March 8, 2019 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612
More informationSEPTEMBER HOGS AND PIGS REPORT ANALYSIS
October 1, 2000 Ames, Iowa Econ. Info. 1798 SEPTEMBER HOGS AND PIGS REPORT ANALYSIS The September USDA Hogs and Pigs report estimated all hogs and pigs on farms in the U.S. at 60.19 million head, with
More information2017 Soybean Outlook & Strategies
2017 Soybean Outlook & Strategies Frayne Olson, PhD Crop Economist/Marketing Specialist Director Burdick Center for Cooperatives frayne.olson@ndsu.edu 701-231-7377 (o) 701-715-3673 (c) NDSU Extension Service
More informationNational WIC Association
National WIC Association Monthly Food Price Brief March 18, 2013 This monthly food price brief is designed to assist States in monitoring rising food costs by tracking the Consumer Price Index and average
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 1th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 25-26 April 218, Geneva Assessing the recent past and prospects for grains and oilseeds markets
More informationMarket Outlook. David Reinbott.
Market Outlook David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu Trending Issues Pre-2007
More information2008 Illinois Farm Economics Summit The Profitability of Illinois Agriculture: Looking Ahead in Extraordinary Times
Prospects for Crop Production Costs Gary Schnitkey University of Illinois schnitke@illinois.edu The Profitability of Illinois Agriculture: Looking Ahead in Extraordinary Times Outline Projected 2009 costs
More informationUS Imported Beef Market A Weekly Update
US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 15 April 19, 2017 P r e p a r e d b y : S t e i n e r C o n s u l t i n g G r o u
More informationUS Imported Beef Market A Weekly Update
US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVIII, Issue 24 June 23, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612
More informationLight at the end of the tunnel Corn market searches for normal in market that is anything but By Bryce Knorr, senior grain market analyst
Light at the end of the tunnel Corn market searches for normal in market that is anything but By Bryce Knorr, senior grain market analyst It s tempting to blame the corn market s troubles on the trade
More informationSoybeans try to avoid a $7 handle U.S. prices are cheap, but could get cheaper By Bryce Knorr, senior grain market analyst
Soybeans try to avoid a $7 handle U.S. prices are cheap, but could get cheaper By Bryce Knorr, senior grain market analyst In early July before China s tariffs on soybeans went into effect I wrote that
More informationMorning Comments
Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop 2011 Crop 2012 Crop Corn 100% sold with basis set 50% sold HTA 30% sold
More informationExpanding Ethanol Industry: Implications for MI Livestock
Expanding Ethanol Industry: Implications for MI Livestock Glynn Tonsor Dept. of Agricultural Economics Michigan State University Michigan Winter Poultry Seminar Zeeland, MI February 15, 2007 Feb. 12, 2007
More informationUS Imported Beef Market A Weekly Update
US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVIII, Issue 9 March 9, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612
More informationEconomic Research Service Situation and Outlook Report. Russian Wheat Exports Raised to a New Record, U.S. Exports Cut by 25 Million Bushels
Economic Research Service Situation and Outlook Report WHS-18c March 12, 2018 Next release is April 12, 2018 Wheat Outlook Jennifer K. Bond, coordinator Olga Liefert Russian Wheat Exports Raised to a New
More informationDairy Outlook. January By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology
Dairy Outlook January 2016 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Both Class III and Class IV milk prices had a poor December. In particular butter prices
More informationWheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook
United States Department of Agriculture WHS-2008-01 May 2008 A Report from the Economic Research Service Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook www.ers.usda.gov
More informationSNAPSHOT OF THE EUROPEAN AND GLOBAL STATE OF SORGHUM
1 ST EUROPEAN SORGHUM CONGRESS WORKSHOP CONGRESS INTRODUCTION SNAPSHOT OF THE EUROPEAN AND GLOBAL STATE OF SORGHUM Olivier BOUILLET, Director Black Sea, Agritel UKRAINE CLASSIFICATION OF SORGHUM LETS FOCUS
More informationSOYBEANS: LOW PRICES TO PERSIST
SOYBEANS: LOW PRICES TO PERSIST JANUARY 2002 Darrel Good 2002 - NO. 2 Summary Soybean prices received some support from the USDA s January 11 final U.S. production estimate for the 2001 crop. At 2.891
More informationDairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology
Dairy Outlook June 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Cheese prices have been rising this past month, rising 16 cents/lb. in a fairly steady climb.
More informationOctober 1, 1996 Ames, Iowa Econ. Info. 1703
October 1, 1996 Ames, Iowa Econ. Info. 1703 PROFITABLE HOG PRICE EXPECTED THROUGH MID-1997 The USDA September Hogs & Pigs report released September 27 indicated 4 percent fewer total hogs on U.S. farms
More informationIowa Farm Outlook. April 2015 Ames, Iowa Econ. Info March Hogs and Pigs Analysis
Iowa Farm Outlook 0BDepartment of Economics April 2015 Ames, Iowa Econ. Info. 2060 March Hogs and Pigs Analysis The USDA March Hogs and Pigs report came in near trade expectations and indicated larger
More informationMarket Outlook. David Reinbott.
Market Outlook David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu Trending Issues Pre-2007
More informationWheat Outlook. Economic Research Service May 13, Approved by the World Agricultural Outlook Board
Wheat Outlook Economic Research Service May 13, 008 U.S. Department of Agriculture WHS-08dt text and tables Approved by the World Agricultural Outlook Board Continued High Farm Prices Projected for 008/09
More informationCHS. Midwest Cooperatives. Pre-Harvest Marketing Plan
CHS Midwest Cooperatives Pre-Harvest Marketing Plan Pre-Harvest Marketing Plan? s Farm Plan What is in your farm plan for the upcoming year? WW Acres SW Acres Corn Acres Milo Acres SFL Acres Millet Acres
More informationChina bulks up on U.S. soybeans Export sales data dump only one piece of demand puzzle. By Bryce Knorr, senior grain market analyst
China bulks up on U.S. soybeans Export sales data dump only one piece of demand puzzle By Bryce Knorr, senior grain market analyst China put its money where it s mouth apparently is, at least with soybeans.
More informationCorn, Hay, Wheat & Cattle Outlook
Corn, Hay, Wheat & Cattle Outlook Stephen R. Koontz Associate professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu http://dare.agsci.colostate.edu/skoontz
More information