CNS Canada — A rise in prices for soybeans and other crops could make fertilizer more expensive in the coming months, according to a major player in the industry. In the May market report from the Mosaic Co., the company credited the rally in agricultural commodity prices, the strengthening of key currencies and various Indian […] Read more
Fertilizer prices look to rise by late summer
Mosaic cuts phosphate production
Reuters –– U.S.-based fertilizer producer Mosaic Co. said Wednesday it would cut output of phosphates by up to 400,000 tonnes with rotating plant shutdowns in the first quarter, due to weak demand. Fertilizer producers have seen profits hit by falling prices, triggered in part by weak currencies in importing countries such as Brazil. “The long-term […] Read more
PotashCorp forecasts bleak year ahead
Reuters — PotashCorp has forecast its bleakest year in a decade and slashed its dividend, due to tanking fertilizer prices. Shares of PotashCorp, which also reported lower-than-expected quarterly profit on Thursday, bounced off earlier losses, climbing 1.9 per cent in New York by afternoon. On Monday they tumbled to a nine-year low. Potash prices have […] Read more
Fertilizer market quiet — for now
Reading Time: < 1 minute It could be the lull before the storm. “Not a lot is happening in the fertilizer market right now as it is one of the slowest times of year for it,” said Todd Bergen-Henengouwen of Alberta Agriculture and Forestry. “There has been little trading as fertilizer buyers in the U.S. continue to wait for the […] Read more
Slowdown in sales softens fertilizer market
CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally […] Read more
Mosaic cuts potash output as demand slumps
Reuters — U.S. fertilizer company Mosaic Co. said Monday it would cut potash production and maintain its reduced phosphate output pace, lowering its outlook for sales. Delayed fertilizer purchases in Brazil and North America have weakened markets, along with volatile currency and equity markets and lower crop prices, Mosaic said in a statement after markets […] Read more
Spring run on fertilizer creates challenges
CNS Canada — Seasonal challenges are popping up for fertilizer users this spring, according to the president of Manitoba’s Keystone Agricultural Producers — but Dan Mazier says they’re not your typical ones. “The supply seems to be all right; definitely anhydrous ammonia is available,” he said. However, he’s heard some reports that this year’s phosphate […] Read more
U.S. farmers seen cutting back on pricey fertilizers
Chicago | Reuters — U.S. farmers will likely use less nitrogen fertilizer this season with the cost sky-high even though the price of natural gas, the key ingredient to make it, is down 40 per cent from last year. The reduction in usage should hit corn plantings more than other crops, since nitrogen is the […] Read more
Fertilizer prices stray away from corn influence: Analyst
CNS Canada — Foreign exports and transportation look like they could be the main issues facing the fertilizer industry in 2015. Countries such as Ukraine, Russia and Belarus are busy players on the market, with Morocco also ramping up production. As a result, more supplies of phosphates and other fertilizers are out there, according to […] Read more
Crop prices down, but fertilizer prices not following suit
Supply and logistics issues are keeping fertilizer prices up even though demand in the U.S. has stalled
Reading Time: 2 minutes Despite low commodity prices, fertilizer prices have not been following the same trend, says an Alberta Agriculture and Rural Development’s market analyst for agriculture inputs. “Two of the reasons fertilizer prices have not trended down- ward as quickly as grain prices are world supply and U.S. transportation issues,” said Jennifer Stoby. “The world markets are […] Read more