The U.S Midwest is persistently priced above the transportation arbitrage is an eye-catcher because the U.S also the cheapest origin for nitrogen in the world.
If there is a shortage of nitrogen then why the world market (NOLA pricing center) is $100/st cheaper than the Midwest. It ain’t about U.S supply and demand fundamentals either: @HH $6 U.S ammonia is manufactured at $11.83/mmbtu cost but is quoted above $38/mmbtu.

-Our assertion is that we are witnessing is the biggest organized wealth transfer from the farmer group unreported in the history of the United States of America.

This is how the game works.

N pricing is in a head fake condition only as the risk is not completely transferred on Someone Somewhere. Who ? +2.01M U.S farmers. Continue reading →