Markets have seemed to find strength again after a bit of stability. Urea, anhydrous, and MAP are good buys and should be locked up soon.
Urea: Urea is undervalued as compared to where our corn and wheat prices are today. Spring delivered wholesale prices are high, making a purchase today a great decision. Do not wait around for this market to go up, get it booked and paid for soon.
NH3: Anhydrous is pretty much the same as urea. It has a lot of strength in addition to tight supplies. Spring delivered prices are high. Make sure to get anhydrous needs covered ASAP.
MAP: Markets are mostly stable with talk of imports arriving to the states. However, fertilizer companies will not be kind and keep the price low if they can make some money. Phosphate is a big input for the crop and has much more upward potential than downward potential.
Potash: Pretty stable for the time being.
AMS: AMS is currently strong. Most manufacturers have a posted price but no product available to purchase. Strange, but that is the story.
Liquids: Liquids remain strong. Liquids are moving up and keeping a premium to dry fertilizer. Product remains tight and many people have a current price, but not a spring price. They are waiting and watching.
Once again, my recommendation is to get your fertilizer needs covered for the 2011 crop. Basically, no change in recommendation. Nitrogen’s are the biggest concern of mine today, get those paid for if you haven’t already.
