By: Josh Linville, Vice President- Fertilizer
For UAN, we use NOLA/New Orleans Louisiana as our base point as it is the easiest spot to track.
We believe that only looking at the flat price of either can be misleading:
We look at the ratio “value” to get a better indication of where we are or how many bushels of X does it take to pay for 1 ton of fertilizer.
Would you rather:
When we compare the current ratio value against recent years, we start to see if we are high or low.
Pay more attention to the horizontal dotted line as it compares the current phosphate price against new crop values.
YOUR VALUES WILL LOOK DIFFERENT
This graph looks at the NOLA UAN price vs the flat grain price. There are no logistics on either product. Your location will look different due to fertilizer logistical costs, grain basis, etc.
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