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   Non-TechUAN - The variable distribution MLP that could go a long way


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From: Elroy8/12/2021 12:49:24 PM
   of 353
 
Crop report is out, and price of corn is up 5%. Seems like good news for UAN.

USDA Reports Summary
USDA Lowers Corn Yield Estimate


https://www.dtnpf.com/agriculture/web/ag/news/article/2021/08/12/usda-releases-august-crop-production


The National Agricultural Statistics Service estimates a national average corn yield of 174.6 bushels per acre (bpa), which is down 4.9 bpa from July, toward the low end of pre-report expectations.




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From: Elroy8/12/2021 2:13:04 PM
1 Recommendation   of 353
 
Surprisingly low corn yields spark rally

farmprogress.com

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From: Elroy8/12/2021 5:26:26 PM
1 Recommendation   of 353
 
Aaaaaand whattaya know!?

UAN forward prices after October 2020 are now all above $320/ton.

cmegroup.com

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From: Elroy8/13/2021 12:00:52 PM
   of 353
 
CF Industries Holdings, Inc. Welcomes Affirmative ITC Preliminary Determinations Concerning Imports of UAN from Russia and Trinidad and Tobago

finance.yahoo.com

Today’s ITC decision found that there is a reasonable indication that imports of UAN from Russia and Trinidad materially injure the U.S. UAN industry. Under U.S. trade laws, a finding of injury to the domestic industry is a prerequisite for imposing antidumping and countervailing duties.

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From: Elroy8/13/2021 5:54:23 PM
   of 353
 
And in the "this isn't good news!!" category, the UAN CFO resigned last Monday.....

sec.gov

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To: Elroy who wrote (158)8/13/2021 5:55:14 PM
From: Elroy
   of 353
 
Future UAN fertilizer prices continue to climb....

sec.gov

Q1 2021 is all above $326/ton now.....

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To: Elroy who wrote (159)8/13/2021 11:16:05 PM
From: Lesser_Ape
   of 353
 
I was actually kind of surprised that the futures prices didn't jump more on the new. I was expecting at least double digit increases, but I guess most people already expected this.

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To: Lesser_Ape who wrote (160)8/14/2021 10:58:26 AM
From: Elroy
   of 353
 
My hunch is that UAN future prices will rise steadily from here. We're entering the "buying season" in about two months. I just hope UAN hasn't already pre-sold a huge chunk of it's future production already....

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From: Elroy8/23/2021 6:41:08 PM
   of 353
 
UAN distribution hit all my accounts that hold UAN. I wonder if some holders have it on automatic distribution reinvestment, and that's what pushed the shares higher today?

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From: Elroy8/25/2021 4:21:23 PM
2 Recommendations   of 353
 
Holy crap!

CVR Partners Announces Coffeyville Turnaround Deferral

finance.yahoo.com

CVR Partners now expects its total forecasted turnaround spending for 2021 of approximately $8 million to $10 million of expense for the Coffeyville facility to be spent in 2022, which will be in addition to the planned 2022 turnaround for the Partnership’s East Dubuque nitrogen fertilizer facility.



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So that means in Q3 they will reverse the charges taken already for the re-scheduled Coffeyville turnaround, and we get bigger distributions....

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