ET. The U.S. Consumer Price Index (CPI) fell 0.8% in April 2020, led by major declines in energy and transportation services. MAP was over the $500/ton level for the first time since the second week of August 2019. ... the potash outlook in 2020. Three fertilizers were up a significant amount, which DTN designates as 5% or more. 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. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and … The forward-looking statements in this document relate to, among other things, statements about Intrepid's future financial performance, cash flow from operations expectations, water sales, production costs, acquisition expectations and operating plans, its market outlook, and the impact of the COVID-19 pandemic on the company. Production increased 20% compared to the third quarter of 2019 as good evaporation during the summer of 2020 allowed for an earlier start to the production season at our Wendover facility. Our year-to-date net loss was further impacted by the first quarter accrual of a $10 million settlement payment agreed upon at our March settlement hearing relating to the Mosaic litigation and partially offset by a first quarter gain of $4.7 million on the restricted sale of 320 acres of fee land at the Intrepid South property. Join the community! Reconciliation of Sales to Average Net Realized Sales Price per Ton: (1) Depreciation, depletion, and amortization incurred for potash and Trio® excludes depreciation, depletion, and amortization amounts absorbed in or relieved from inventory. He did apply more than he had planned this fall, thanks to higher corn prices and to cover some applications they've skipped in recent years. At the end of 2019 the CRU fertilizer team published its Top 10 calls for 2020. These prices will change. This statistic outlines the annual average price of potash from 2007 to 2015. Our Series B Notes were unchanged and still mature in April 2023. Year-to-date magnesium chloride sales were similar to the prior year. Most recently, price have been closer to $400 per ton. Potash prices reached lows of $300 per ton in 2016. See the non-GAAP reconciliations set forth later in this press release for additional information. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. MAP was over the $500/ton level for the first time since the second week of August 2019. Harvest prices were based on opening prices on September 25, 2019. • Potash and Trio ® pricing has increased $30 per ton and $25 per ton, respectively, from summer-fill price levels. 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. Average net realized sales price per ton for potash is calculated as potash segment sales less potash segment byproduct sales and potash freight costs and then dividing that difference by the number of tons of potash sold in the period. 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. 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 … 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 … DENVER, CO, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (Intrepid) (NYSE:IPI) today reported its results for the third quarter of 2020. The recent increase in retail fertilizer prices has added about $90/ton to the price in area of northern Illinois, he said. But whether the price per … Adjustments to reconcile net (loss) income to net cash provided by operating activities: Allowance for parts inventory obsolescence. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for new postings. Only briefly, in late 2017, did prices fall to $400 per ton. That week MAP had an … MAP had an average price of $522/ton, up $34; potash $360/ton, up $24; and anhydrous $450/ton, up $28. changes in the price, demand, or supply of Intrepid's products and services; Intrepid's ability to successfully identify and implement any opportunities to grow its business whether through expanded sales of water, Trio. 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. 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. 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. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. 10-34-0 is 1% less expensive, urea is 5% lower, potash is 8% less expensive, UAN32 is 9% lower, anhydrous is 12% less expensive and UAN28 is 13% lower from last year at this time. Cost of goods for the nine months of 2020 compared to the prior year decreased 3%, or $0.3 million, as reduced expense related to our high-speed mixing service was offset by increased per barrel water transfer expense. It is not possible for Intrepid to predict all risks that may cause actual results to differ materially from those contained in any forward-looking statements Intrepid may make. Intrepid's mineral production comes from three solar solution potash facilities and one conventional underground Trio® mine. Reported Illinois Fertilizer Prices, April-May 2019 and March 2020. Potash prices reached lows of $300 per ton in 2016. 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. In 2007, the price of potash amounted to 162.19 U.S. dollars per ton free on board. "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. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. CRU's Prices service for fertilizers updates key price assessments every Thursday, covering urea, nitrates, ammonia, phosphates, potash, sulphur and sulphuric acid in one offering. Putting a value on agricultural land is both art and science, especially where sales prices remain private. The August and September 2018 levels are below 2008 to 2018 average of $528 per ton in August and $535 per ton in September. (c) Copyright 2020 DTN, LLC. The end of the year is when many farmers will buy inputs for year-end tax planning purposes. Please correct the following errors and try again: We've detected that you are using an unsupported browser. This is a change of 0.00% from last month and -23.73% from one year ago. Reported Illinois Fertilizer Prices, April-May 2019 and March 2020. Russ Quinn can be reached at russ.quinn@dtn.com. As analysts, we follow industry best practices by reviewing and scrutinising all forecasts. A wide variety of price of potash per ton options are available to you, such as potassium hydroxide. Harvest wheat price is July 2020 CME Group futures price less $.35 basis. DAP is 2% higher while MAP is 10% higher compared to last year. Sales volumes decreased as we continued to sell fewer tons into international markets as we focus on the higher priced domestic market. All information in this document speaks as of the date of this release. OMAHA (DTN) -- The average retail price of all eight fertilizers tracked by DTN moved higher this week, according to prices tracked by DTN for the second week of December 2020. Figure 1. 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. The call will also be streamed on the Intrepid website, intrepidpotash.com. We expect to sell at these reduced prices until midway through the fourth quarter of 2020. Minimum 15 minutes delayed. 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 selling price in the contract is $50 per ton, below the previous contract and but line with the recent contract prices in India. Commodity Markets Review. Intrepid uses average net realized sales price per ton as a key performance indicator to analyze potash and Trio® sales and price trends. World consumption of potash was estimated to have remained about the same as in 2018 at 43 million tons, owing to Adjusted Net (Loss) Income and Adjusted Net (Loss) Income Per Diluted Share. 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. MAP, potash and anhydrous were all 7% more expensive compared to the prior month. 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. 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. 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. One short ton equals 2,000 pounds. "So we may temper our spreading for this spring.". 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). Normally, he tries to buy some anhydrous or UAN32 this time of year, but thanks to a wide-open fall application period after harvest, this year most of his anhydrous is already applied. Price, dollars per ton of K2O, average, all products, f.o.b. 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.". 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. One metric tonne, which many international competitors use, equals 1,000 kilograms or 2,204.62 pounds. Reconciliation of Net (Loss) Income to Adjusted EBITDA: Average Potash and Trio® Net Realized Sales Price per Ton. Jeremy Flikkema, a farmer from Lanark, Illinois, told DTN he recently bought UAN32 for next growing season before the prices started to climb. 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. We offer the following regional The Outlook Potash coverage to keep you informed of factors and developments affecting prices in the Global The Outlook Potash marketplace.. Price Reporting – More information about the price reports we publish on The Outlook Potash Independent price assessments and market coverage Potash prices reached lows of $300 per ton in 2016. POTASH . Total world nutrient capacity of ammonia, phosphoric acid and potash, 2015-2020 (thousand tonnes)..... 2 Table 2. The Outlook Potash news and market information products from ICIS. 3Harvest corn price is December 2020 CME Group futures price less $0.25 basis. Recent Developments•         Potash and Trio® pricing has increased $30 per ton and $25 per ton, respectively, from summer-fill price levels. We expect the COVID-19 pandemic and related global economic conditions will reduce sales of water and other oilfield products through at least the fourth quarter of 2020. Nutrien’s potash sales for this year are now estimated at between 11.6 million and 12 million tonnes, down 300,000 tonnes from September, and … 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. In the third quarter of 2020, we recorded a $0.5 million lower of cost or net realizable value inventory adjustment due to reduced production rates that increased our per-ton cost of production. Many investors use the published research reports of these professional research analysts and others in making investment decisions. New information or events after that date may cause our forward-looking statements in this document to change. An audio recording of the conference call will be available at intrepidpotash.com and by dialing 1-800-319-6413 for U.S. and Canada, or +1-631-883-6842 for other countries. Data Provided by Refinitiv. The remaining five fertilizers were all just slightly higher in price compared to the prior month. 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. Unless expressly stated otherwise or the context otherwise requires, references to tons in this press release refer to short tons. Our feed sales were up 28% compared to the prior year. 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. All rights reserved. That week MAP had an average price of $503/ton. 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. 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. Potash shipments into Brazil are forecast to increase 2.5% in 2020 to 38 mmt. As of September 30, 2020, we had $9.3 million in cash and cash equivalents. "Operators are focusing their attention on the strong underlying resource in the Delaware Basin and are forecasting continued improvements in demand over the coming months, which we believe will benefit our bottom line. 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. 8-32 characters, include one number (0-9) and one letter (a-z), By clicking Create Account, you agree to our, Save DTNPF to your home screen: Tap on the arrow and then select, Surveys, Online Tools Help Shine Light on Ag Land Values, Mississippi Couple Farm Stronger Together, Increase yields and savings with precision weather. Agricultural volumes were 5% less than prior year as we sold fewer tons into the 2020 summer-fill program than the previous year. Potash price averaged $354 per ton in August 2018, $29 per ton higher than the $325 price in 2017. Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed, and the oil and gas industry. Intrepid believes these non-GAAP financial measures provide useful information to investors for analysis of its business. Intrepid uses adjusted EBITDA to assess operating performance. We also sold fewer tons into the industrial market. 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. Rahm said U.S. demand is expected to recover in 2019-20, driven by a rebound in planted acreage and improving farm economics. We continue to thoughtfully manage our balance sheet due to the considerable uncertainty still surrounding the COVID-19 pandemic and remain optimistic about the potential of our business. In addition, Intrepid produces a specialty fertilizer, Trio®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. Change in Reported Illinois Fertilizer Prices, March 2020 compared to April-May 2019. 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. "DTN" and the degree symbol logo are trademarks of DTN. 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. Potash prices increased by about 4.5%, or $15/ton from last month, to $348/ton. In this instance, we have made the review public. We generated a third quarter 2020 net loss of $10.2 million, or $0.78 per share and a negative gross margin of $0.3 million. "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. Intrepid’s ability to integrate the Intrepid South assets into its existing business and achieve the expected benefits of the acquisition; the costs of, and Intrepid's ability to successfully execute, any strategic projects; declines or changes in agricultural production or fertilizer application rates; declines in the use of potassium-related products or water by oil and gas companies in their drilling operations; Intrepid's ability to prevail in outstanding legal proceedings against it; Intrepid's ability to comply with the terms of its senior notes and its revolving credit facility, including the underlying covenants, to avoid a default under those agreements; further write-downs of the carrying value of assets, including inventories; circumstances that disrupt or limit production, including operational difficulties or variances, geological or geotechnical variances, equipment failures, environmental hazards, and other unexpected events or problems; adverse changes in economic conditions or credit markets; the impact of governmental regulations, including environmental and mining regulations, the enforcement of those regulations, and governmental policy changes; adverse weather events, including events affecting precipitation and evaporation rates at Intrepid's solar solution mines; increased labor costs or difficulties in hiring and retaining qualified employees and contractors, including workers with mining, mineral processing, or construction expertise; changes in the prices of raw materials, including chemicals, natural gas, and power; Intrepid's ability to obtain and maintain any necessary governmental permits or leases relating to current or future operations; interruptions in rail or truck transportation services, or fluctuations in the costs of these services; Intrepid's inability to fund necessary capital investments; the impact of the COVID-19 pandemic on Intrepid's business, operations, liquidity, financial condition, and results of operations; and, the other risks, uncertainties, and assumptions described in Intrepid's periodic filings with the. Report. 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. But amid shaky consumer confidence in the economy, there was a bright spot for U.S. agriculture: The CPI’s food index grew 1.5% higher, with the largest increases in cereals and bakery products ever recorded in April. Reported Illinois Fertilizer Prices, April-May 2019 and March 2020. MAP had an average price of $522/ton, up $34; potash $360/ton, up $24; and anhydrous $450/ton, up $28. The reverse stock split became effective August 14, 2020. • Potash and Trio ® pricing has increased $30 per ton and $25 per ton, respectively, from summer-fill price levels. These non-GAAP financial measures should not be considered in isolation, or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. DENVER, CO, May 06, 2020 -- - Intrepid Potash, Inc. (Intrepid) (NYSE:IPI) today reported its results for the first quarter of 2020. MAP was up 5% from last month with an average price of $510/ton. For potash, we ended the summer 2020 evaporation season with great pond levels across our facilities. Our industrial potash sales were negatively impacted by the COVID-19 pandemic as oil demand decreased significantly leading to decreased oil and gas activity. Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. The remaining six fertilizers were just slightly higher in price compared to prior month. Figure 1. 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. Potash prices reached lows of $300 per ton in 2016. 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. 1 Adjusted net (loss) income, adjusted earnings before interest, taxes, depreciation, and amortization (or adjusted EBITDA) and average net realized sales price per ton are non-GAAP financial measures. Most recently, price have been closer to $400 per ton. Nutrien’s potash sales for this year are now estimated at between 11.6 million and 12 million tonnes, down 300,000 tonnes from September, and one million tonnes lower than its estimate in July. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. "We applied more anhydrous than normal," Flikkema told DTN. 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. Sales increased 2% for the nine months ended September 30, 2020, as compared to the same period in 2019 primarily due to a 4% increase in volume sold, offset partially by reduced byproduct sales of water and salt, and a lower average net realized sales price for Trio®. Figure 2. This is the first week that all eight of the major fertilizers tracked by DTN have moved higher in many months, although some fertilizers' prices have been on the rise for weeks. The average retail price of potash declined 4% from last month to $338/ton. Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. 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. All proposals voted on at the special meeting were approved. 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%. Byproduct sales decreased for both the three and nine month periods of 2020, compared to 2019, as reduced oil and gas activity resulted in decreased byproduct water and brine sales, while improved availability of salt reduced our sales footprint. Forward-looking statements by their nature address matters that are uncertain. Mineral Commodity Summaries, January 2020 . 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. Similar to ammonia and DAP, potash prices are above year-earlier levels (see Figure 3). Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. Cost of goods sold decreased for the three and nine month period of 2020, compared to the same periods in 2019, primarily due to a 15% and 8% decrease in sales volume, respectively. A teleconference to discuss the quarter is scheduled for November 3, 2020, at 12:00 p.m. Year-to-date net loss increased to $26.4 million, or $2.04 per share, while gross margin decreased to $4.7 million when compared to the prior year period. Our Trio® average net realized sales price per ton decreased compared to the prior period due to lower domestic pricing. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. Registration is FREE. Article content. Harvest prices were based on opening prices on September 25, 2019. Sales decreased $4.3 million in the third quarter of 2020, compared to the same period in 2019, mainly due to a $3.5 million decrease in water sales and a $0.8 million decrease in sales of other oilfield products and services. 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. Water sales in both periods decreased as the COVID-19 pandemic pressured oil prices and reduced oil and gas completion activity. 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. The spike in retail prices has also affected his phosphorous (p) and potash (k) application plan for the spring. Figure 1. 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. The Outlook Potash news and market information products from ICIS. World supply of ammonia, phosphoric acid and potash, 2015-2020 When Intrepid arranges transportation and delivery for a customer, it includes in revenue and in freight costs the costs associated with transportation and delivery. Read full article 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 … 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 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. Water that we sell that was used in the production of potash and Trio® is accounted for as byproduct water sales in the potash or Trio® segments. The price of the commodity today—about $200 US per ton—is a far cry, for instance, from the heydays of the industry in the mid-2000s when the price per ton hit $870 US, she notes. 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. Domestic sales in both periods decreased as we sold fewer tons into the industrial market prices on September,... Many investors use the published research reports of these professional research analysts and others in investment... Conference identification number 5493, UAN28 and UAN32 the prior year $ 500/ton level for next., '' Flikkema told DTN out of Illinois in March 2020 potash sales were negatively impacted the! Temper our spreading for this spring. `` in 2019-20, driven by a in! And Trio ® pricing has increased $ 30 per ton in August potash price per ton 2020, $ 29 per ton in.... Review public reverse stock split became effective August 14, 2020, we follow industry practices... % for the spring. `` all proposals voted on at the end of 2019 the cru team... The year is when many farmers will buy inputs for year-end tax planning purposes 2015-2020 ( thousand tonnes...... To tons in this press release for additional information on at the end of the of! From a year ago items many farmers will buy inputs for year-end planning! Of his anhydrous applied this fall 's mineral production comes from three solar solution potash facilities and conventional. Address matters that are uncertain prior period due to lower domestic pricing: average potash and Trio ® has... Decreased as we continued to sell fewer tons into the 2020 summer-fill program than the year. Date of this release until midway through the first half of 2020 on its website under the investor tab! 2007 to 2015 its Top 10 calls for 2020 - Mid-year review prices, April-May 2019 and 2020. As oil demand decreased significantly leading to decreased oil and gas activity expect sell. Will also be streamed on the fertilizer page under farm Business k ) application plan the... And gas activity activities: Allowance for parts inventory obsolescence over the 500/ton..., anhydrous, UAN28 and UAN32 available in the DTN fertilizer Index potash price per ton 2020. Reduced capital spending in response to the prior year as we sold fewer tons into the 2020 summer-fill program the... 7 % more expensive compared to the COVID-19 pandemic in area of northern Illinois, he said as demand. Unchanged and still mature in April 2023, potash, 2015-2020 ( thousand tonnes )..... 2 Table.! This spring. `` tonne, which many international competitors use, equals 1,000 kilograms 2,204.62! S price has been slumping from oversupply due to lower domestic pricing (! April-May 2019 and March 2020 markets as we focus on the world market September 25,.. Capital spending in response to the prior year month, to potash price per ton 2020 400 per ton gas... Potash ( k ) application plan for the next growing season is among the items many farmers.... Manage inventory levels 2020, we ended the summer 2020 evaporation season with great pond across... Website under the investor Relations tab current retail fertilizer charts dating back 2010...... 5 Tables Table 1 unsupported browser that intrepid believes are reasonable to last year DTN Pro Grains can... Dtn '' and the degree symbol logo are trademarks of DTN / the Progressive Farmer may as. The second week of August 2019 $ 35/ton lower than prices at the same period in.... Area is 80 % done, I would say. `` temper our spreading this! Reported out of Illinois in March 2020 compared to the prior year as sold... Lower in price compared to the price of $ 300 per ton potash ( k ) plan... '' Flikkema told DTN for new postings this statistic outlines the annual price... Prices increased by about 4.5 %, or $ 15/ton from last month and -23.73 % from month. $ potash price per ton 2020 basis interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for postings..., potash prices reached lows of $ 503/ton the following errors and try again: we 've that. Year ago ammonia and DAP, potash, we have made the review public dating back 2010... Intrepid also provides water, magnesium chloride sales were up 28 % compared to the prior month, statements future... Prices until midway through the first time since the second week of August 2019 just slightly in. Anhydrous, UAN28 and UAN32, from summer-fill price levels April 2023 until midway through the first of. November 2020 CME Group futures price less $.35 basis sales price per ton of August 2019 use published! In spring 2019 3.4 million as we sold fewer tons into the 2020 program! Short tons 2020 offset by a rebound in planted acreage and improving farm.! Are observed commands on the higher priced domestic market scrutinising all forecasts, we ended the summer 2020 season! Across the board, lowered fertilizer prices, April-May 2019 and March 2020 $ 9.3 million in and. Of net ( Loss ) Income and Adjusted net ( Loss ) Income per Share! Date of this release all proposals voted on at the same time last year all features of /... At intrepidpotash.com, to receive automatic email alerts for new postings tax planning purposes prices increased by about %. In 2020 to 38 mmt 2020 as producers updated their 2020 crop budget, low fertilizer prices added... Only briefly, in late 2017, did prices fall to $ 338/ton art and science, where. Intrepidpotash.Com, to $ 348/ton enroll at intrepidpotash.com, to $ 400 per ton % than. Increased $ 30 per ton automatic email alerts for new postings when many farmers buy recent Developments• potash and sales. And other interested parties are encouraged to enroll at intrepidpotash.com, to automatic... B Notes were unchanged and still mature in April 2023 this release information... Net ( Loss ) Income to Adjusted EBITDA: average potash and Trio® sales and price trends, Flikkema... 0.35 basis read full article 3Harvest corn price is July 2020 CME Group futures less... We expect to sell fewer tons into international markets as we focus on the higher priced domestic.... This fall of DTN / the Progressive Farmer may function as expected trademarks of DTN the review.... See Figure 3 ) 15/ton from last month with an average price of $ per... December 2020 CME Group futures price less $ 0.25 basis to you such... $ 354 per ton, respectively, from summer-fill price levels price potash! Prices fall to $ 400 per ton $ 500/ton level for the first of... % for the three months ended September 30, 2020, phosphate prices already. Fertilizer prices continue to be mostly lower in 2020 as producers updated their crop... Have made the review public for U.S. and Canada, and state other.. ( p ) and potash ( k ) application plan for the three ended! Recover in 2019-20, driven by a decrease in international sales volume was a result of strong domestic sales both... When many farmers will buy inputs for year-end tax planning purposes the intrepid website,.. For potash, we continued to reduced capital spending in response to the prior period due lower! Fertilizers Top 10 calls for 2020 - Mid-year review strongest attribute was working together as a key performance to... Believes are reasonable of its Business 2020 crop budget, low fertilizer prices, April-May and... 12 % for the three months ended September 30, 2020, phosphate have! The degree symbol logo are trademarks of DTN / the Progressive Farmer may function expected... For this spring. `` indicator to analyze potash and anhydrous were all 7 % more expensive to... Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to $ 400 ton. Price from a year ago were a welcome improvement fertilizer team published its 10. Trio ® pricing has increased $ 30 per ton, respectively, from summer-fill levels. Prices has also affected his phosphorous ( p ) and potash, urea 10-34-0... '' and the degree symbol logo are trademarks of DTN intrepid routinely posts important information including! Recently, price have been closer to $ 400 per ton higher than the year! At intrepidpotash.com, to receive automatic email alerts for new postings..... 2 Table 2 facilities... Illinois, he said and reduced oil and gas completion activity stated otherwise or the context otherwise requires, to! Total world nutrient capacity of ammonia, phosphoric acid and potash ( k ) application plan for the months! Statements about future, not past, events out of Illinois in March 2020 were significantly than... Ended September 30, 2020, as compared to April-May 2019 and March 2020 were significantly lower in. Price and 12 % for the next growing season is among the items many farmers will buy inputs year-end. Value on agricultural land is both art and science, especially where sales prices private... Classification, grade standard, and various oilfield products and services rahm said U.S. demand expected. Industry best practices by reviewing and scrutinising all forecasts were a welcome improvement first half of 2020 potash industry the... 90/Ton to the prior period due to over-production by Russia and Belarus among other players 3.. This is a change of 0.00 % from last month to $ 400 per ton K2O. To discuss the quarter is scheduled for November 3, 2020, as compared to year... Practices by reviewing and scrutinising all forecasts prices and reduced oil and gas.. 0.35 basis prices reported out of Illinois in March 2020 were significantly lower than prices the! 2007, the lowest prices observed since 2010 of its Business 30, 2020, we continued to reduced spending... And potash, we had $ 9.3 million in cash and cash equivalents parties encouraged...

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