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Non-Tech : UAN - The variable distribution MLP that could go a long way
UAN 78.94-0.8%Nov 26 1:00 PM EST

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From: Elroy10/13/2021 5:01:59 PM
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Interesting past few days. The Nov and Dec 2021 prices have moved up, while 2022 prices haven't moved.

I take this to mean 2022 is likely not trading at all, while the remaining 2021 months are selling fertilizer, with rising prices.

cmegroup.com

Last year in Q1 UAN informed us that most of Q1 2021 sold out in Nov and Dec 2020. If that pattern remains the same this year, I think we'll start to see Q1 2022 prices move up in the coming few months.

The only thing going the wrong way now is the price of corn, which has dipped from about $5.50 back toward $5.00. Even at $5.00 per bushel corn remains much higher than the price of the past few years.
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