Capesize

17950

Sep-17
0.00 0.00%

Panamax

11175

Sep-17
225.00 2.05%

Iron Ore

76.5

Sep-17
0.85 1.12%

Sing 380

278.25

Oct-17

Coking Coal

208

Sep-17
0.00 0.00%

Nola Urea

212.5

Sep-17
0.00 0.00%

Fertilizer Futures


What are fertilizer futures?


Fertilizer futures are a cash-settled paper trade settled against the Fertilizer Index, which is produced weekly and represents physical spot prices in the market.

The cash-settled swap allows a buyer and a seller (counter parties) to agree on a price in the forward market for a specific fertilizer product for a specified future period.

"The global physical fertilizer market had an estimated annual turnover of $500 billion in 2011"

The swap is an agreement between a buyer and seller to pay the difference between a price agreed upon today and the future price of a specific fertilizer at an agreed point of time. There is no payment until settlement date and therefore no capital outlay.

Fertilizer Market Indices

The Fertilizer Index is a single reference price calculated from three weekly price ranges using a simple averaging technique - provided by: