Market Analysis & Forecast
Much like recent years, fertilizer markets appear to be trending toward price appreciation coming this spring. The Landus Cooperative team believes the anticipated upswing in fertilizer prices is threefold.
1) With the fall harvest delay, fertilizer manufacturers are watching. They know there is only so much time until the snow flies and are anticipating a big run on spring demand. They offered lower prices this fall to encourage product movement. Only two or three times in the last 20 years have we seen fertilizer prices drop in the spring as compared to fall.
2) some manufacturers have curtailed production due to pricing in the market as well as to get to more historic pricing in the market place where fall is at a better value than spring.
3) ) to match anticipated corn acres. The cooperative has been proactive in managing against the forecast upswing to assist growers. The potential increase in planted acres for 2020 is also driving prices. More corn acres means more nutrient demand. Higher demand means higher prices next spring.
Landus Cooperative worked proactively August through September to offer early season nutrient pricing programs which included a low, down-payment and prices locked in for later application. These were terms for fall tons only. If you missed this program opportunity but you still plan on fall fertilizer application, give our team a call. We have a short window this fall for application, but spring could be just as short, if not shorter. Don’t wait and put off your nutrient purchase until spring application.