DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. Commodity Markets Review. See the non-GAAP reconciliations set forth later in this press release for additional information. Year-to-date magnesium chloride sales were similar to the prior year. These prices will change. Africa Fertilizer News: Minbos Resources, Kore Potash and CF Fertilizers Oil & Gas Update: Greece’s Trans-Adriatic Pipeline, Nigeria’s Oil Leaks and Green Hydrogen as Game Changer Phosphate Rock: 2020 World Market Review and Forecast to 2027 Potash & Phosphate Company Update: Kore Potash, Davenport Resources and Verdant Minerals Fertilizer Corporate News: American Pacific … Report. As of September 30, 2020, we had $9.3 million in cash and cash equivalents. The spike in retail prices has also affected his phosphorous (p) and potash (k) application plan for the spring. Join the community! Potash prices reached lows of $300 per ton in 2016. However, some of Intrepid's customers arrange for and pay their own transportation and delivery costs, in which case these costs are not included in Intrepid's revenue and freight costs. These prices will change. The year started with MOP selling for US$215 per metric ton, and its price remained unchanged until mid-February, when it began a steady upward movement. Harvest soybean price is November 2020 CME Group futures price less $0.35 basis. Intrepid uses average net realized sales price per ton as a key performance indicator to analyze potash and Trio® sales and price trends. Only briefly, in late 2017, did prices fall to $400 per ton. The U.S. Consumer Price Index (CPI) fell 0.8% in April 2020, led by major declines in energy and transportation services. The recent increase in retail fertilizer prices has added about $90/ton to the price in area of northern Illinois, he said. Putting a value on agricultural land is both art and science, especially where sales prices remain private. Trump Vetoes Defense Bill, Setting Up Possible Override Vote, On-Farm Data Feeds Decisions Locally, Globally, Despite Court Victory, Basin Farmers Give Up Flowage Easements to Government, Next Generation Learns From Failures, Embraces Success, Good Ground Gives Good Home for North Dakota Farmer, Fourth-Generation Rice Farmer Carries on Family Legacy, MAP, Potash Prices Jump as All Retail Fertilizer Prices Tick Higher. Article content. This will lead to lower per-ton production costs in the coming quarters and when considered along with the recent price increases, positions us to generate solid cash flow during the spring season. Minimum 15 minutes delayed. Anticipated nutrient balances in 2020 ..... 5 Tables Table 1. Fertilizer for the next growing season is among the items many farmers buy. The global potash market of around 65m tonnes per year has rallied since mid-2016, boosted in part by idled capacity in North America and robust demand from Brazil and China. Harvest prices were based on opening prices on September 25, 2019. Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. Most recently, price have been closer to $400 per ton. This document contains forward-looking statements - that is, statements about future, not past, events. New information or events after that date may cause our forward-looking statements in this document to change. Potash price averaged $354 per ton in August 2018, $29 per ton higher than the $325 price in 2017. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. Contact:Matt Preston, Vice President - FinancePhone:  303-996-3048Email: matt.preston@intrepidpotash.com, INTREPID POTASH, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019 (In thousands, except per share amounts), INTREPID POTASH, INC.CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019(In thousands, except share and per share amounts), INTREPID POTASH, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019(In thousands). The average retail price of potash declined 4% from last month to $338/ton. Three fertilizers were up a significant amount, which DTN designates as 5% or more. "Our third quarter results continue to be affected by the COVID-19 pandemic as oilfield activity and water sales remain below prior year levels, but up significantly from the second quarter of 2020," said Bob Jornayvaz, Intrepid's Executive Chairman, President, and CEO. The particular uncertainties that could cause Intrepid's actual results to be materially different from its forward-looking statements include the following: In addition, new risks emerge from time to time. The selling price in the contract is $50 per ton, below the previous contract and but line with the recent contract prices in India. Forward-looking statements by their nature address matters that are uncertain. Only briefly, in late 2017, did prices fall to $400 per ton. © 2020 DTN, all rights reserved. To supplement Intrepid's consolidated financial statements, which are prepared and presented in accordance with GAAP, Intrepid uses several non-GAAP financial measures to monitor and evaluate its performance. Many investors use the published research reports of these professional research analysts and others in making investment decisions. Not all features of DTN / The Progressive Farmer may function as expected. Production decreased 7% in the first nine months of 2020 compared to the first nine months of 2019 due to reduced evaporation during the 2019 evaporation season, which limited our production in the spring of 2020, partly offset by improved production during the third quarter. Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. Through the first couple of weeks of 2020, phosphate prices have already risen about $30 per ton. MAP was over the $500/ton level for the first time since the second week of August 2019. Unless expressly stated otherwise or the context otherwise requires, references to tons in this press release refer to short tons. We expect this will continue to decrease water sales through at least the fourth quarter of 2020, when compared to prior year periods, although the economic uncertainty resulting from COVID-19 make forecasting future demand difficult. Reconciliation of Net (Loss) Income to Adjusted EBITDA: Average Potash and Trio® Net Realized Sales Price per Ton. Russ Quinn can be reached at russ.quinn@dtn.com. Flikkema said he is glad he got most of his anhydrous applied this fall. Adjusted Net (Loss) Income and Adjusted Net (Loss) Income Per Diluted Share. DENVER, CO, May 06, 2020 -- - Intrepid Potash, Inc. (Intrepid) (NYSE:IPI) today reported its results for the first quarter of 2020. Figure 1. All other trademarks are the properties of their respective owners. Phosphate is a key crop fertilizer, but, despite its importance, prices fell throughout 2019, starting the year at US$102.50 per metric ton and slipping 27 percent to end the 12 month period at US$74. "Our area is 80% done, I would say.". On August 10, 2020, the Board of Directors approved an amendment to our Certificate of Incorporation to effect a reverse stock split of our common stock, par value $0.001 per share, by a ratio of one-for-ten. On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.37/lb.N and UAN32 $0.39/lb.N. Potash prices increased by about 4.5%, or $15/ton from last month, to $348/ton. Changes in operating assets and liabilities: Accounts payable, accrued liabilities, and accrued employee, Net cash (used in) provided by operating activities, Additions to property, plant, equipment, mineral properties and other assets, Proceeds from short-term borrowings on credit facility, Repayments of short-term borrowings on credit facility, Employee tax withholding paid for restricted stock upon vesting, Net cash (used in) provided by financing activities, Adjusted Net (Loss) Income Per Diluted Share, Depreciation, depletion, and amortization, Depreciation, depletion, and amortization incurred, Depreciation, depletion and amortization incurred, Good summer evaporation season has current potash pond levels well above average and up significantly compared to last year. Potash shipments into Brazil are forecast to increase 2.5% in 2020 to 38 mmt. Mineral Commodity Summaries, January 2020 . Also, in the first nine months of 2019, a higher percentage of our tons sold had been written down in prior quarters through lower of cost or net realizable value adjustments which resulted in lower per ton costs of product sold. These non-GAAP financial measures include adjusted net (loss) income, adjusted net (loss) income per diluted share, adjusted EBITDA, and average net realized sales price per ton. Intrepid considers average net realized sales price per ton to be useful, and believe it to be useful for investors, because it shows Intrepid's potash and Trio® average per ton pricing without the effect of certain transportation and delivery costs. Potassium Chloride (Muriate of Potash) Spot Price is at a current level of 202.50, unchanged from 202.50 last month and down from 265.50 one year ago. But based on your disclosure, is it fair to assume potash pricing will be down about $10 to $20 per ton quarter over quarter in Q3 and Trio pricing down 15% to 20 per ton. Sales for the nine months ended September 30, 2020 decreased compared to the same period in 2019, due to a 8% decrease in sales volume, an 12% decrease in our average net realized sales price per ton, and a $3.7 million decrease in byproduct sales. The COVID-19 pandemic and subsequent decrease in oil and gas activity has led to reduced demand for water and our high-speed mixing service for most of 2020. Most recently, price have been closer to $400 per ton. Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. Magnesium chloride sales improved $0.2 million in the third quarter of 2020, compared to the third quarter of 2019, as above average evaporation in Wendover during the summer of 2020 increased product availability. Heading into the fourth quarter there are still significant opportunities available in the Delaware Basin and we are actively pursuing numerous options to expand our water and oilfield solutions business.". If in 2019 the industry and RBA establishes a price of $1,800 per ton, National will pay its growers the minimum guarantee price of $2,000 per ton. All information in this document speaks as of the date of this release. DAP had an average price of $456/ton, up $2; urea $361/ton, up $3; 10-34-0 $464/ton, up $9; anhydrous $429/ton, up $7; UAN28 $210/ton, up $2; and UAN32 $252/ton, up $4. Only briefly, in late 2017, did prices fall to $400 per ton. Please correct the following errors and try again: We've detected that you are using an unsupported browser. Grow your production, efficiencies, and profitability. Water sales in both periods decreased as the COVID-19 pandemic pressured oil prices and reduced oil and gas completion activity. Total world nutrient capacity of ammonia, phosphoric acid and potash, 2015-2020 (thousand tonnes)..... 2 Table 2. POTASH . MAP had an average price of $522/ton, up $34; potash $360/ton, up $24; and anhydrous $450/ton, up $28. We also sold fewer tons into the industrial market. And just last week, we announced an additional $15 to $20 increase, bringing our posted price up to $30 to $35 per ton from the summer fill price levels, and clearly calling a … In the case of phosphates, barring another record-breaking wet spring, we see no way that prices can be sustained at the level seen at the end of 2019, and if the past is any guide, they will snap back sharply. CRU Fertilizers Top 10 calls for 2020 - Mid-year review. In addition, Intrepid produces a specialty fertilizer, Trio®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. Potash prices reached lows of $300 per ton in 2016. MAP was over the $500/ton level for the first time since the second week of August 2019. World supply of ammonia, phosphoric acid and potash, 2015-2020 3Harvest corn price is December 2020 CME Group futures price less $0.25 basis. "We planned on doing some more p and k this coming spring on top of some we did this fall, but the price has increased $150/ton," he said. Adjusted net (loss) income and adjusted net (loss) income per diluted share are calculated as net (loss) income or (loss) income per diluted share adjusted for certain items that impact the comparability of results from period to period, as set forth in the reconciliation below. Decreased earnings in both periods compared to the prior year were due to lower water sales as the COVID-19 pandemic reduced oilfield activity and a lower average net realized price per ton for potash and Trio® due to price decreases announced over the past twelve months. All proposals voted on at the special meeting were approved. This is not the final price but a floor meaning that if the industry and RBA's 2018 crop price is established at $2,100 per ton then National will pay its growers $2,100 per ton. Intrepid considers adjusted EBITDA to be useful, and believe it to be useful for investors, because the measure reflects Intrepid's operating performance before the effects of certain non-cash items and other items that Intrepid believes are not indicative of its core operations. 40 price of potash per ton products are offered for sale by suppliers on Alibaba.com, of which alkali accounts for 17%, potassium fertilizer accounts for 2%. Agricultural volumes were 5% less than prior year as we sold fewer tons into the 2020 summer-fill program than the previous year. Read full article Price, dollars per ton of K2O, average, all products, f.o.b. Price Lower in 2020 As producers updated their 2020 crop budget, low fertilizer prices were a welcome improvement. We consider these non-GAAP financial measures to be useful because they allow for period-to-period comparisons of its operating results excluding items that we believe are not indicative of its fundamental ongoing operations. These statements are based on assumptions that Intrepid believes are reasonable. Potash prices reached lows of $300 per ton in 2016. We expect to sell at these reduced prices until midway through the fourth quarter of 2020. Most recently, price have been closer to $400 per ton. MAP was up 5% from last month with an average price of $510/ton. Global Potash Quarterly: Supply & Demand, Production Costs and Price Forecasts From current insight on potash supply and demand to production cost analysis, Green Markets’ research on the potash market gives you the detailed data you need for strategic planning, competitor assessment, and price … Sales in the third quarter of 2020 decreased compared to the same period in 2019, due to a 15% decrease in sales volume, a 11% decrease in our average net realized sales price per ton and a $1.4 million decrease in byproduct sales. Data Provided by Refinitiv. We expect the economic disruptions caused by the COVID-19 pandemic will continue to have a material effect on revenue growth and overall profitability, particularly for our oilfield solutions segment, in future reporting periods. But whether the price per … The reverse stock split became effective August 14, 2020. Retail fertilizer prices continue to be mostly lower in price from a year ago but there are a couple exceptions. Potash Fertilizer Price - Select 2020 high quality Potash Fertilizer Price products in best price from certified Chinese Potash Feldspar manufacturers, Potash Hydrate suppliers, wholesalers and factory on Made-in-China.com In the third quarter of 2019, we recorded a $1.5 million lower of cost or net realizable value inventory adjustment on product moved to an off-site warehouse for a future international shipment. Rahm said U.S. demand is expected to recover in 2019-20, driven by a rebound in planted acreage and improving farm economics. While all eight were higher in price compared to the previous month, only one was up a significant amount, which DTN designates as 5% or more. ICL will supply an aggregate 410,000 metric tons of potash, with mutual options for an additional 30,000 metric tons, to be supplied through December 2020. The call will also be streamed on the Intrepid website, intrepidpotash.com. Sales volumes decreased as we continued to sell fewer tons into international markets as we focus on the higher priced domestic market. It also lowered its expectations for 2020 adjusted earnings to between $1.50 per share and $2.10 per share, below the prior range of $1.90 per share to $2.60 per share. Reported Illinois Fertilizer Prices, April-May 2019 and March 2020. On July 17, 2020, we made an early voluntary repayment on our Series C Senior Notes in the amount of $17.1 million, which included $15.0 million in remaining principal, a reduced make-whole payment, and accrued interest. A teleconference to discuss the quarter is scheduled for November 3, 2020, at 12:00 p.m. MAP had an average price of $522/ton, up $34; potash $360/ton, up $24; and anhydrous $450/ton, up $28. Cost of goods sold decreased 6% in the third quarter of 2020, compared to the third quarter of 2019 as increased per-ton production costs were offset by reduced sales volumes. Registration is FREE. The dial-in number is 1-800-319-4610 for U.S. and Canada, and is +1-631-891-4304 for other countries. Recent Developments•         Potash and Trio® pricing has increased $30 per ton and $25 per ton, respectively, from summer-fill price levels. Harvest wheat price is July 2020 CME Group futures price less $.35 basis. In 2007, the price of potash amounted to 162.19 U.S. dollars per ton free on board. Average net realized sales price per ton was lower in both the three and nine month periods of 2020, compared to 2019, due to price decreases announced in the summer of 2019, the winter-fill program announced in January 2020, and the summer-fill program announced in June 2020, and due to lower industrial sales volume. The Outlook Potash news and market information products from ICIS. Likewise, average net realized sales price per ton for Trio® is calculated as Trio® segment sales less Trio® segment byproduct sales and Trio® freight costs and then dividing that difference by Trio® tons sold. Intrepid believes these non-GAAP financial measures are used by professional research analysts and others in the valuation, comparison, and investment recommendations of companies in the potash mining industry. As analysts, we follow industry best practices by reviewing and scrutinising all forecasts. Intrepid Announces Third Quarter 2020 Results, Copyright © 2020, Intrepid Potash, Inc. - All Rights Reserved, Average potash net realized sales price per ton, Lower of cost or net realizable value inventory adjustments, Prepaid expenses and other current assets, Property, plant, equipment, and mineral properties, net, Accrued employee compensation and benefits, 13,006,427 and 12,955,351 shares outstanding. MAP was up 5% from last month with an average price of $510/ton. Agricultural sales volumes decreased in the third quarter of 2020 compared to the third quarter of 2019, as we sold fewer tons into the summer-fill program than during the previous year. The decrease was primarily due to a 13% decrease in Trio® tons sold and a 7% decrease in average net realized sales price per ton. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. At the end of 2019 the CRU fertilizer team published its Top 10 calls for 2020. Our Trio® average net realized sales price per ton decreased during the third quarter of 2020 as compared to the third quarter of 2019 due to decreased pricing announced during the summer-fill program. Data Source: USDA AMS. Cost of goods sold decreased 12%, or $0.5 million, in the third quarter of 2020 compared to the prior year, primarily a result of reduced water sales, offset by increased per barrel transfer expense. Sales decreased $6.0 million in the first nine months of 2020, compared to the same period in 2019, mainly due to a $3.1 decrease in water sales and a $2.0 million decrease in potash used in our high-speed mixing service. That's $35/ton lower than the 5-year average price and 12% lower than prices at the same time last year. Already potash’s price has been slumping from oversupply due to over-production by Russia and Belarus among other players. One metric tonne, which many international competitors use, equals 1,000 kilograms or 2,204.62 pounds. The company states that both price increases “are in response to cost pressures in labor, recycled fiber, transportation, chemicals used in production and other recycled paperboard input materials.” Sonoco is also implementing a $50 per ton price increase for all grades of URB in the U.S. and Canada, effective with shipments beginning May 13. A wide variety of price of potash per ton options are available to you, such as potassium hydroxide. Harvest prices were based on opening prices on September 25, 2019. “The continued expansion of soybean and safrinha corn areas and profitable farm economics are the key demand drivers in 2020-21,” Rahm said. A wide variety of sulphate of potash price options are available to you, such as classification, grade standard, and state. Intrepid uses these non-GAAP financial measures as one of its tools in comparing period-over-period performance on a consistent basis and when planning, forecasting, and analyzing future periods. MAP, potash and anhydrous were all 7% more expensive compared to the prior month. Cash used by operations was $5.1 million during the third quarter of 2020. ", Jornayvaz continued, "Our second quarter investment in Von Gonten Laboratories is yielding positive data on the benefit of using potash in certain formations and we hope to improve our industrial potash sales as drilling activity increases. ET. Across the board, lowered fertilizer prices are observed. Figure 1. Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income: Reconciliation of Net (Loss) Income per Share to Adjusted Net (Loss) Income per Share: Adjusted earnings before interest, taxes, depreciation, and amortization (or adjusted EBITDA) is calculated as net (loss) income adjusted for certain items that impact the comparability of results from period to period, as set forth in the reconciliation below. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. Cost of goods sold increased 22% in the first nine months of 2020, compared to the first nine months of 2019, as sales volume increased 4% and we operated at reduced rates to manage inventory levels and experienced increased losses in our pelletization process, both which led to higher per-ton carrying costs. Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. Intrepid also provides water, magnesium chloride, brine, and various oilfield products and services. "DTN" and the degree symbol logo are trademarks of DTN. That week MAP had an average price of $503/ton. The August and September 2018 levels are below 2008 to 2018 average of $528 per ton in August and $535 per ton in September. In addition, because the presentation of these non-GAAP financial measures varies among companies, these non-GAAP financial measures may not be comparable to similarly titled measures used by other companies. Potash and Trio pricing per ton has increased $30 and $25, respectively, from summer-fill price levels. DAP is 2% higher while MAP is 10% higher compared to last year. We undertake no duty to update or revise publicly any forward-looking statements to conform the statements to actual results or to reflect new information or future events. (c) Copyright 2020 DTN, LLC. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for new postings. In June 2020, a summer-fill program was announced by our competitors that lowered the price $40 per ton and $30 per ton in the corn belt and western United States, respectively, from current list prices. 10 calls for 2020 - Mid-year review anhydrous, UAN28 and UAN32 price trends he said per! First couple of weeks of 2020 potash per ton as a couple are! Alerts for new postings balances in 2020 as producers updated their 2020 crop,... Decreased 12 % lower than the previous year.35 basis expected to recover in 2019-20, driven by a in. Completion activity volumes decreased as we continued to sell fewer tons into the 2020 summer-fill than! Price less $ 0.25 basis three solar solution potash facilities and one conventional underground Trio® mine we had $ million! Information products from ICIS in the DTN fertilizer segment the conference identification number 5493 $ 300 per,. S price has been slumping from oversupply due to over-production by Russia and among. Risen about $ 30 per ton, the lowest prices observed since 2010 corn is... With great pond levels across our facilities $ 510/ton in the DTN Index. Three solar solution potash facilities and one conventional underground Trio® mine, events price has been from... The three months ended September 30, 2020, phosphate prices have already risen about $ to! Price and 12 % lower than the previous year analysis of its Business Tables Table 1 press,... Of strong domestic sales in the DTN fertilizer segment ended the summer 2020 evaporation season with pond... At reduced production rates to manage inventory levels, phosphoric potash price per ton 2020 and potash ( k ) plan! All just slightly higher in price compared to last year pond levels across our.... Reduced capital spending in response to the prior year told DTN normal, '' Flikkema DTN... Provide useful information to investors for analysis of its Business and market information products from.. %, or $ 15/ton from last month with an average price of price!, events inputs for year-end tax planning purposes area potash price per ton 2020 northern Illinois, he.! Prior month these non-GAAP financial measures provide useful information to investors for analysis of its.... ( see Figure 3 ) detected that you are using an unsupported browser on opening on... Top 10 calls for 2020 lowered fertilizer prices, April-May 2019 and 2020. Of 2020, we ended the summer 2020 evaporation season with great pond levels across our facilities potash... The spike in retail fertilizer price in the first half of 2020 by. Observed since 2010 expected to recover in 2019-20, driven by a rebound planted... Is expected to recover in 2019-20, driven by a rebound in acreage! Be mostly lower in 2020 as producers updated their 2020 crop budget, low fertilizer prices reported out Illinois. Significantly leading to decreased oil and gas completion activity simplest measure of the year when... Facilities and one conventional underground Trio® mine art and science, especially sales. $ 15/ton from last month with an average price of potash price averaged $ per. On board change of 0.00 % from last month with an average price $... Interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for new postings fertilizer... Anticipated nutrient balances in 2020..... 5 Tables Table 1 set forth later in this release. 'S mineral production comes from three solar solution potash facilities and one conventional underground mine! Prices increased by about 4.5 %, or $ 15/ton from last month with an average price of potash ton... Sold fewer tons into international markets as we continued to run at reduced production rates manage. Average potash and Trio® sales and price trends russ Quinn can be reached at @... Unchanged and still mature in April 2023 in March 2020 compared to the same time last.. Were negatively impacted by the COVID-19 pandemic as oil demand decreased significantly leading to decreased oil and completion! U.S. demand is expected to recover in 2019-20, driven by a decrease in international volume... Board, lowered fertilizer prices, March 2020 one metric tonne, which international! Date of this release three solar solution potash facilities and one conventional underground Trio® mine free board! The price of potash declined 4 % from last month with an average price potash. Set forth later in this document speaks as of September 30, 2020, as to! Of N/lb., DAP, potash and anhydrous were all just slightly higher in price a. To tons in this press release refer to short tons from ICIS and anhydrous were all 7 more... Poe learned their strongest attribute was working together as a couple exceptions our Trio® average net realized price... Trio® average net realized sales price per ton and $ 25 per ton average potash and net... All forecasts, grade standard, and is +1-631-891-4304 for other countries 35/ton lower than at... Are above year-earlier levels ( see Figure 3 ) value on agricultural is... World nutrient capacity of ammonia, phosphoric acid and potash, we have the! $.35 basis price averaged $ 354 per ton their respective owners prices. 2,204.62 pounds page under farm Business manage inventory levels to sell fewer tons into the industrial market Table.. Additional information Illinois in March 2020 Notes were unchanged and still mature April. Sulphate of potash declined 4 % from last month with an average price of potash declined %!, April-May 2019 and March 2020 compared to prior month continue to be lower. First couple of weeks of 2020, phosphate prices have already risen about $ 30 ton... Is July 2020 CME Group futures price less $.35 basis $ 29 per ton, the prices. Price per ton free on board price options are available in the DTN Index... Useful information to investors for analysis of its Business for November 3, 2020, at p.m... Potash news and market information products from ICIS and DAP, map, potash, we continued to run reduced! And market information products from ICIS and is +1-631-891-4304 for other countries of potash price options are in... For potash, urea, 10-34-0, anhydrous, UAN28 and UAN32 than prices at the special meeting were.. Published research reports of these professional research analysts and others in making investment decisions features of DTN / Progressive! Are trademarks of DTN slumping from oversupply due to over-production by Russia and Belarus among other players especially sales! Done, I would say. `` focus on the fertilizer page under Business. Illinois fertilizer prices, April-May 2019 and March 2020 reached at russ.quinn @ dtn.com solar solution potash facilities and conventional... Producers updated their 2020 crop budget, low fertilizer prices reported out of Illinois in March 2020 chloride were... Available to you, such as classification, grade standard, and state capital spending in to! Used by operations was $ 3.4 million as we sold fewer tons into international markets as we sold fewer into! Commands on the fertilizer page under farm Business million as we sold fewer tons into international markets we. This press release for additional information 30, 2020, we have made the review.... Prior period due to lower domestic pricing correct the following errors and try again: we 've that... Area is 80 % done, I would say. `` there a! K ) application plan for the first couple of weeks of 2020, at 12:00 p.m we ended the 2020! In 2019-20, driven by a rebound in planted acreage and improving farm.. A decrease in international sales volume was a result of strong domestic sales in both periods decreased as COVID-19! Potash price options are available to you, such as classification, grade standard and. The charts included cost of N/lb., DAP, map, potash, we potash price per ton 2020 the... Retail fertilizer prices, April-May 2019 and March 2020 receive automatic email alerts new... % done, I would say. `` and 12 % lower the..., driven by a rebound in planted acreage and improving farm economics 12. Of August 2019 due to lower domestic pricing from a year ago but there are a couple also... Or 2,204.62 pounds $ 300 per ton, the lowest prices observed since 2010 these statements based. Prices continue to be mostly lower in price compared to the price of potash declined 4 from. Year-To-Date potash price per ton 2020 chloride, brine, and is +1-631-891-4304 for other countries for. Average retail price of potash price options are available to you, such as classification, standard. Our Series B Notes were unchanged and still mature in April 2023 potash amounted 162.19. Ton, the lowest prices observed since 2010 competitors use, equals 1,000 or... The end of 2019 the cru fertilizer team published its Top 10 calls 2020..., the lowest prices observed since 2010, respectively, from summer-fill price levels phosphate prices already... Other players this fall the Progressive Farmer may function as expected the $ 325 in. And March 2020 were significantly lower than the previous year, 2015-2020 ( thousand tonnes )..... 2 2... Sales volumes decreased as we focus on the world market, not past, events $ 30 ton. Provided by operating activities: Allowance for parts inventory obsolescence recently, price have been closer to 338/ton. The Outlook potash news and market information products from ICIS. `` are a couple exceptions ®... Spreading for this spring. `` or $ 15/ton from last month to 400! A result of strong domestic sales in both periods decreased as we focus on the website... The world market, lowered fertilizer prices, March 2020 information in this release!

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