ALERT 5/20/2013: Weak Demand Drives Local Discounts

May 20, 2013 05:40 AM

UAN --

UAN solutions fell a combined $5.62 with 32% leading the charge.

The biggest decline was in Missouri 32% which fell a whopping $42.86/ton to an Index low of $417.14 -- well below the regional average price of $441.51.

Urea --

Urea moved $2.21/ton lower overall with the deepest decline coming from Kansas where the price of urea fell $14.58 to $547.79.

Kansas, Wisconsin and Missouri urea are all priced below $548/ton putting those three states firmly below regional averages.

Phosphate --

Phosphate moved generally higher over the week, but Missouri DAP bucked the trend shucking a generous $31.58 to $635.50. Phosphate has been looking for a downside avenue, and reports from upstream expect demand to wane for fall applications.

Potash --

Potash moved slightly lower regionally, but fell $15.47/ton in Ohio to $575.53 and $14.90 in Missouri to $562.62. Both of these lie below the regional average.


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