|US Nola urea barges hit 9 year high with supply tightening post Hurricane Ida|
The largest fertilizer plant in the region, CF Industries’ Donaldsonville facility, was forced to shut down. While reports suggest there has been no major damage to the plant, it is now facing delays restarting with power yet to be restored. Several reports also suggest that CF was checking the market for barges this week. Prior to the Hurricane making landfall the plant was reportedly focused on UAN production, with CF an active buyer in the urea market in recent weeks.
Tarriffs on Russian UAN imports
Hurricane Ida taking the major competitor's UAN facilities offline for weeks or months
UAN's Debt refinanced from 9.25% down to 6.125%
UAN's scheduled Q4 2021 turnaround pushed back to H2 2022.
UAN's CEO buys 5,000 units at $58 last week
Urea and UAN fertilizer prices continue to climb in the slowest seasonal time of year (right now).
What do you people think is going to happen from November when farmers start actually ordering fertilizer for the 2022 spring planting season?
We're all going to be rich!