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Non-Tech : UAN - The variable distribution MLP that could go a long way -- Ignore unavailable to you. Want to Upgrade?


To: Area51 who wrote (788)6/28/2023 2:35:23 PM
From: Elroy  Read Replies (1) | Respond to of 811
 
My concern now with UAN is I have zero confidence that UAN fertilizer prices will go up after the "Summer Fill" Q3 price is set.

If UAN fertilizer prices can decline from November 2022 to today, through planting season, what's the reason to believe they will increas from Aug/Sep on? How do we know they won't just keep dropping to the floor for another 6-12 months?

Without increasing fertilizer prices, UAN is a bad investment. How can you or me or we be confident that prices will go up seasonally as they normally do since the past six months was six months of normally seasonally strengthening prices, but prices didn't go up, they instead collapsed.

How do you know the price collapse is over?



To: Area51 who wrote (788)6/28/2023 4:48:56 PM
From: Paul Senior  Respond to of 811
 
Thanks for the post.

I'm still have units, but have reduced position with a view to maybe adding back after 3rd quarter.