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Non-Tech : UAN - The variable distribution MLP that could go a long way
UAN 77.34-0.2%3:00 PM EST

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To: Area51 who wrote (272)10/13/2021 6:17:01 PM
From: Elroy  Read Replies (2) of 320
 
I wouldn't count on fertilizer staying high ad-infinitum unless corn also stays high.


Corn at $5.00 is, I think, "high".


UAN at $300 is what I would call high. It's about $500 now, depending on the month of delivery, so it's now what I would call Sky High.


I have no idea how to forecast the expected fertilizer price drop after 2022 spring planting season (the prices should drop from June 2022 on), and there's plenty of time before that begins. How low the UAN price per ton drops in summer 2022, and what it rises to in spring 2023 planting season will give us some idea of what's going to happen in the future.


But those dates are already pretty far in the future!
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