2013 OutlookRentech Nitrogen continues to expect 2013 to benefit from market dynamics similar to those of 2012. The impact of the drought on ending corn stocks will likely result in continued high prices and significant acres planted next year. Multiple forecasting services are projecting corn plantings to exceed 96 million acres next year. Low corn inventories should drive corn pricing throughout the year and support strong fertilizer demand. Current posted product prices for spring 2013 delivery are $810 per ton for ammonia and $360 per ton for UAN.
Rentech Nitrogen Announces Results For Third Quarter 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.