Crop Nutrition Supply Update
By Larry Lankford, Procurement Manager, Valley Agronomics
Nitrogen is unsteady as there are imports of urea coming to the US. Urea continues to trade at a significant discount to UAN. We expect that there will be a fill program announced at some point this month for UAN.
Anhydrous is softening, and ammonium sulfate appears to be seeing some price relief. Suppliers still have product in barns that they are working through. The product bought now will be for spring of 2023.Increased interest costs and not using the product for 8 or 9 months will make it challenging for suppliers to purchase too far ahead.
Phosphate remains high as supply continues to be tight as the countervailing duties have kept most international tons out of the US. Even with fall being the typical time for phosphate applications, we saw a weaker than average application this spring. The question is, will applications be lighter because of the price? It will be something we are looking closely at this fall.
Potash is still at or higher than spring. Supplies are tight, and logistics continue to be a challenge. Growers also used less potash this past spring. Will the trend continue for fall? It’s something we are trying to predict
Sulfur is seeing some price relief but remains high, but the supply seems to be catching up. Sulfuric acid is tight. One supplier sold out through the first of the year. Agriculture competes with many other industries for sulfuric acid, and because we are seasonal purchasers, we are often the last ones to the table. Other industries take products monthly, giving them the first chance at the supply.
If you’d like to get weekly updates like these straight to your inbox, create an account with the Grower Portal. Click on the button below to check it out.
In the Grower Portal, you can pay your Valley Ag invoices, view statements, review purchase history, receive quotes, and browse products.