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By: Josh Linville, Vice President- Fertilizer
North America
commentary
| NOLA Urea | Middle East Urea | CFR Brazil Urea | |
| May | $367.50 | $332.50 | $342.50 |
| June | $332.50 | $335.00 | - |
| July | $325.00 | $342.50 | $361.50 |
| August | $327.00 | $342.50 | $365.00 |
| September | $330.00 | $342.50 | $365.00 |
| October | $335.00 | $350.00 | - |
| November | $335.00 | - | - |
| December | $335.00 | - | - |
| January '24 | $347.50 | - | - |
| February | $347.50 | - | - |
| March | $347.50 | - | - |
NOLA/New Orleans, Louisiana
Price comparisons
U.S. Midwest Average
U.S. Southern Plains Average
U.S. Northern Plains Average
Middle East
Number 1 exporter (as a region, not as individual nations)
Number 4 global exporter in 2022
Price comparisons
Number 1 global exporter in 2022
Price comparisons
Number 9 global exporter in 2022
Price comparisons
Number 2 global importer in 2022
Price comparisons
We believe that only looking at the flat price of either grains or fertilizer 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.
YOUR VALUES WILL LOOK DIFFERENT
This graph looks at the NOLA urea 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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