Ed White

Farmers: are you considering switching out of a crop and into another one because of the spike in fertilizer prices? Which crops?

I don't think there's a hat-trick in the history of football that comes close to this. The greatest striker of all time! 🔴 #LFC

The loss of Qatar/Saudi Arabia/Iran urea exports equates to roughly 81M acres of U.S. corn nitrogen being lost annually. - S.A./Qatar/Iran 2024 urea exports - 13.5M - U.S. corn acre average = 155 lbs/actual N - 1T urea (920 lbs/actual N) = 6 acres - 13.5M x 6 = 81M acres

Farm Credit Canada offers aid to farmers, companies affected by Iran war price spikes vist.ly/4vkmz #cdnag #westcdnag

Just got these pre-pay fertilizer quotes. Northern ND. I have most of what I need…but what are you seeing? Urea: 785 MAP: 850 AMS: 545 Potash: 490 NH3: 990

Satellite images show scope of Iran strikes - Reuters apple.news/A_AVfyDr9RqqdZ…

@imotor75 I’d love to chat with you sometime.

I had a very interesting discussion with one of the Indian urea producers at the recent IFA conference. My question to him related to the self-sufficiency of India in urea production. So, while discussing, we briefly went through the main input numbers. As is widely known, the present Indian government has guaranteed that urea would be available for farmers at INR 242 per 45 kg bag. That’s roughly about $3 per 45 kg bag or, let’s round it, $70 per metric ton. India's domestic natural gas production increased 2.4% annually on average between 2019 and 2022, while imports declined 1.5% annually. However, the country is still heavily dependent on imports. Today, as my fellow friend-producer said, imported gas is sold to urea producers at $16 per MMBtu. Typically, producing one metric ton of urea requires about 28-32 MMBtu (million British thermal units) of natural gas, considering the energy needed for both the synthesis of ammonia and the subsequent conversion to urea. Assuming an average consumption of 30 MMBtu per ton of urea, the cost of natural gas would be 30 MMBtu x $16 per MMBtu = $480 per metric ton. Apart from natural gas, there are additional costs involved in urea production, including: - Labor, maintenance, utilities, and other operational expenses. - Depreciation of plant and equipment. - Transportation and distribution costs. Let’s estimate these costs to be between $50-$100 per metric ton, which brings us to a price of $530-$580 per metric ton for local production. If a new urea import tender happened today, the price wouldn't be above $350 per metric ton CFR. Adding another $50-$70 per metric ton for discharge, bagging, and delivery, we arrive at $400-$420 per metric ton delivered. Now, let’s quickly recall that the fixed price for the farmers is $70 per metric ton. There’s an election period in India. By June 15, the new government will be announced. Like in every country, the election campaign is a time of big promises and statements: urea self-sufficiency, record urea stocks, and fixed prices until next March. However, my gut feeling says that we need to wait until the end of June and some surprises will pop up. Have a great week, everyone. #urea #india #elections #ifa2024 #subsidy #production #fertilizers #fertilisers #imstory

This is a good idea.

If NOLA urea were in line with current Middle East urea prices and current estimated vessel freight rates, the NOLA urea / Dec '26 corn ratio would be 151 bushels of corn per 1-ton NOLA urea. Everyone, that would be 6 bushels away from setting the all-time high...

Iran World Cup withdrawal threat leaves FIFA pondering options - Reuters apple.news/AtRchNoWTRx2tl…

US facing headwinds in trade negotiations with Canada, US ambassador says - Reuters apple.news/AxcKhmUdPREi9G…

I thought hard before doing this video...but it is important for folks to know. Today's situation is worse...much worse...than 2021/22 from a fundamental POV. Johanna and I walk through the biggest exporters/producers and what it means for fertilizer. youtu.be/pyjPT6tYKGk?si…

Our chart of the week shows a steep drop in global #urea export availability #nitrogen #fertilizer

For a mere $4 -$5B investment, you can help heal the nitrogen industry and the North American farmer by building a new production facility!!! Good grief. $300B for a new refinery...makes fertilizer look like chump change. foxbusiness.com/energy/trump-t…

Pretty much me today with the way fertilizer markets have been...and it is only Wednesday!!

Heavy hitters at the Canadian Crops Convention today: US Ambassador Pete Hoekstra, WTO rep, trade experts. Canada as a safe source of supply in a scary world seems a common thread

🇧🇷Cargill has paused soybean exports from Brazil to China due to the implementation of stricter sanitary inspections at the request of the Chinese government.

Port of Vancouver moves record wheat volume vist.ly/4ug6a #cdnag #westcdnag

LeftField analyst Chuck Penner says 2026/27 stocks-to-use ratios will become much less onerous if the world’s farmers produce merely an average crop. 25/26 saw huge crops produced

Canada’s challenges, summed up by Darrell Bricker and Don Drummond. Lots and lots of challenges, from demographics to productivity to trade