Fertilizer
A labor dispute that shut down operations at Canadian Pacific Railway Ltd on Sunday is set to aggravate a shortage of commodities, and a prolonged lockdown could hurt farmers ahead of the spring planting season.
Even with Russia removed from the global fertilizer market, it still doesn’t create worst-case scenario. StoneX Group says China could make the situation worse, as China and Russia account for 40% of global phosphate.
The formal inquiry by the Canadian Competition Bureau started in October 2019.
The U.S. is the second or third top importer for each of the three major components of fertilizer. Top producers of the major components of fertilizer include China, Russia, Canada, Morocco and Belarus.
The U.S. is “no where near” having 100% of the fertilizer products farmers need at planting, according to The Fertilizer Institute. Soil sampling and good nutrient stewardship principles are more important than ever.
“The combination of rising fertilizer prices and the desire to impart more on-farm stewardship practices piqued my interest in this program,” said Kasey Bamberger, Partner, Bryant Agricultural Enterprise.
Roughly 3,000 Canadian Pacific Railway Ltd. (CP Rail) workers voted 96.7% in favor of going on strike starting March 16 if a collective bargaining agreement is not penned. CP Rail halts would mean trouble for fertilizer.
Russia’s trade and industry ministry has recommended the country’s fertilizer producers temporarily halt exports, the ministry said Friday, in a sign that sanctions imposed could have a global impact.
Secretary Vilsack supports attorney generals search for answers. He says once the market studies are completed, “we may learn additional steps we can take.”
No matter where you travel across the country right now, farmers share similar concerns. The latest Ag Economy Barometer fell to its lowest reading since July 2020 as the input situation weighs outlooks.
Dept. of Commerce issued a preliminary determination this week showing urea nitrate from Russia and Trinidad and Tobago is being sold into the U.S. at less than fair value. The ruling could open the door for tariffs.
Nutrien Ltd, the world’s biggest potash miner, could boost production by up to 29% in coming years, depending on any sanctions facing rival producers
Recent COVID-19 vaccine mandates in both the U.S. and Canada could take even more truckers off the road. Trucking industry experts warn while empty store shelves could turn into more fertilizer shortages next.
“The elephant in the room is China—and its decisions on production and its lack of exporting product,” Lon Swanson says.
The report found nitrogen accounts for more than 50% of fertilizer costs for a corn producer at $117 per acre.
Nutrien and The Fertilizer Institute share more details on fertilizer industry dynamics in light of reports citing how fertilizer prices are effecting on-farm economics.
A new report from Texas A&M Agricultural and Food Policy Center (AFPC) a 50% rise in fertilizer prices equates to an average of $128,000 per farm. The largest per-acre impact would falls on rice farms at $62.04 an acre.
Have record high fertilizer prices finally peaked? While prices continue to remain high right now, there were some signs last week and already this week that indicate some relief and stability may be in sight.
There’s a leadership shuffle at Nutrien corporate.
Josh Linville says “It’s it’s a good step for 2022 to start with. But it’s just it’s a solid first step is all it is.”
Jeff Tarsi credits the successful fall application across the Nutrien Ag Solutions retail footprint for lessening the potential pressure of the upcoming spring season.
Fertilizer prices have soared with top fertilizer companies in North America on pace for their best performance since 2009. One former Congressman says the fix for climbing prices probably won’t come from Washington.
Most years you won’t see fall anhydrous applications kick-in and help your corn crop until around V6 or V8 when the corn is about knee-high, says Ken Ferrie. This week’s podcast offers some recommendations.
It’s been a good year for fertilizer stocks. The top fertilizer companies in North America posted big stock gains this year, with some on pace to see their best year since 2009. Joe Vaclavik explains what it means.
From increased input prices, to a dimmer outlook on corn export demand, analysts say there are a multitude of factors driving the outlook into the new year. Analysts weigh in on their price picture projections for 2022.
Timac Agro USA has acquired Rainbow Plant Food, which is based in Americus, Ga., from Nutrien Ltd.
Andy Jung says: “We just bypassed the average and we bookended the extremes on both sides in a short amount of time—it’s jarring.”
TFI shares in recent months, higher global natural gas prices have had an impact on fertilizer prices. The greatest challenge to global fertilizer production now is in Europe, where natural gas prices have quadrupled.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
In an op-ed written by NCGA CEO Jon Doggett, he says fertilizer executives are bringing in climbing profits at the expense of farmers, referring to those fertilizer companies as the “Fertilizer Oligopoly.”