All Posts from July 20, 2015

Nitrogen Solutions

Eastern Cornbelt, Great Lakes, Market Watch, Northeast, Northern Plains, U.S. Gulf, UAN, Western Cornbelt

U.S. Gulf: While some argue that prices have settled into a firm $205-$215/st ($6.41-$6.72/unit) FOB range, others continue to report large sales dipping below the $200/st ($6.25/unit) FOB mark.

The last done East Coast vessel price continued to be called $235/mt CFR, with no new business last week. Buyer price ideas are reported at $225-$230/mt, and sellers at $235-$240/mt CFR.

Correction: The NOLA unit price in the Price Scan on p. 4 in the July 13 issue should have read $6.16-$6.72/unit.

Eastern Cornbelt: Sources quoted UAN-28 at $224-$245/st ($8.00-$8.75/unit) FOB in Ohio and Indiana, with the low reported for fill offers in the Cincinnati market and the upper end for prompt tons out of both Cincinnati and Burns Harbor, Ind.

UAN-32 was pegged in the $256-$270/st ($8.00-$8.44/unit) FOB range in the Eastern Cornbelt, with the low again reported for fill ton offers.

Western Cornbelt: Sources quoted the UAN market at $260-$275/st ($8.13-$8.59/unit) FOB in the Western Cornbelt, with the low reported for recent fill ton offers and the upper end for prompt tons in the Missouri market. Several sources said earlier fill offers at the $245-$250/st ($7.66-$7.81/unit) FOB level in the region were no longer on the table last week.

Northern Plains: The UAN-28 market remained in a broad range at $250-$280/st ($8.93-$10.00/unit) FOB in the Northern Plains, with the low quoted in the Twin Cities and the upper end out of North Dakota terminals.

Great Lakes: The UAN-28 market was quoted at $229/st ($8.18/unit) FOB Courtright and $242-$245/st ($8.64-$8.75/unit) FOB Michigan terminals, while Wisconsin sources pegged the UAN-32 market last week at the $270/st ($8.44/unit) FOB level.

Although fill programs were generally off the table in the region, sources confirmed that “there are still good UAN numbers around from various sellers.”

Northeast: Sources quoted the UAN-32 market at $225-$230/st ($7.03-$7.19/unit) FOB Baltimore, Md., for fill or prompt ton offers at mid-month. There was minimal business taking place at that level, however. “No one is buying anything,” said one contact, “but a lot of inquiries are just stirring up prices.”

Out of terminals in upstate New York, the UAN-32 market had reportedly slipped to $295/st ($9.22/unit) FOB, down another $5/st from last report.

France: UAN-30 trading from tanks in Rouen was minimal last week, with no new sales reported. Prices consequently remain at €196-€197 FCA.

Transportation

Market Watch, U.S. Gulf

Atlantic: Tropical Storm Claudette was downgraded to a post-tropical low pressure system before reaching Newfoundland on July 14, weather reports said.

U.S. Gulf: High water levels in the Gulf of Mexico continued to negatively impact transit last week, and estimates for a return to normal levels were pushed back once again.

Previous forecasts called for a crest on July 19, though updated predictions now report a 15.5-foot crest at New Orleans on or around July 21. Tow-length restrictions are in place until levels normalize, and delays in pickup and drop-off were reported for the week.

Navigation delays of 36-48 hours were cited at Industrial Lock last week, and wait times of 12-14 hours were reported at Bayou Sorrel Lock. Waits at Algiers Lock were reported at 6-8 hours, and boats transiting Port Allen Lock waited approximately 2-4 hours for the week.

Brazos River flows slowed to 2.0 mph as of July 16, reduced from 2.4 mph one week earlier. Tow-length and daylight-running restrictions remained in effect, which shippers expected the Corps to relax once currents consistently measure south of the 2.0 mph mark. Delays at Brazos Lock were reported at an average of five boats queued for the week.

River levels continued to rise at Morgan City, registering 6.2 feet of depth on July 16. Forecasts called for levels to hold above 6.0 feet for at least five days. Towing restrictions slowed transits, shippers said.

Intermittent daylight closures were extended at Calcasieu Lock through Sept. 15. Service outages are possible from 5:00 a.m. through 5:00 p.m., Monday through Friday.

Dewatering, repair, and maintenance operations will shut down Bayou Sorrel Lock Aug. 15 through Oct. 15. Shippers are bracing for stiff delays during this time, and traffic will detour through Algiers Lock.

Lower Mississippi River: The Lower Mississippi remained under an Extreme High Water Safety Advisory for Miles 303-869 last week. Tow-power restrictions mandated a minimum 280 horsepower per barge on a maximum 36-barge tow, and vessels transiting the Memphis and Vicksburg areas were limited to daylight-only passage on tows of 110 feet or more.

Levels rose to 37.5 feet at Baton Rouge on July 16. The predicted crest was pushed back to July 21, with an expected depth of 37.7 feet. Tows were limited to 240 horsepower per barge for southbound transit, with lengths capped at 36 barges per tow. Shippers warned of extra pickup and drop-off delays in the area.

Mat-laying and weir dike construction is scheduled through Oct. 8 at Mile 643, prompting intermittent daytime closure warnings. Similar activities are scheduled for Mile 893 on Sept. 5-12, Mile 714 on Sept. 17-22, and Mile 418 on Nov. 11-17.

Weir construction at Big Island Bendway is expected to run through Sept. 6, shippers said. The site will be closed during daylight hours, opening overnight for queued traffic to pass before construction resumes the next day.

Upper Mississippi River: Elevated water levels and flows continued to slow traffic in the St Louis area, although some claimed the mass of accumulated drift plaguing the region in recent weeks has lessened.

Nighttime transit remained off limits through St. Louis Harbor for tows longer than 600 feet, a restriction expected to remain in place until levels drop below 25.0 feet. The St. Louis gauge showed 33.9 feet and falling on July 16.

Navigation delays of 4-6 hours were reported at Lock 27 for the week, and shippers pegged Lock 20 wait times at 1-2 hours. Tows were limited to a maximum of 12 barges above Wood River.

Illinois River: Illinois River levels remained elevated last week, forcing transit issues relating to bridge clearance and swift currents. Navigation was once again

Crops/Weather

Eastern Cornbelt, Great Lakes, Market Watch, Northeast, Northern Plains, Western Cornbelt

Grain Futures: As of 4 p.m. on July 16, corn futures were higher compared to the week before, but soybeans and wheat were down.

Corn contracts for September 2015 clocked in at $4.30/bushel, up from $4.2875/bushel the week before. December 2015 corn firmed to $4.41/bushel from the previous week’s $4.39/bushel, and corn for March 2016 was $4.51/bushel, up from $4.49/bushel the week before.

The August 2015 soybean price fell to $10.19/bushel from $10.2625/bushel one week earlier. Soybeans for November 2015 were $10.11/bushel, down from the prior week’s $10.1575/bushel, while the January 2016 soybean price slipped to $10.1725/bushel from the previous week’s $10.22/bushel.

Wheat for September 2015 was $5.6225/bushel, down from the previous week’s $5.78/bushel, and December 2015 wheat was $5.71/bushel, down from $5.86/bushel at last report. Contracts for July 2016 wheat were listed at $5.81/bushel, also lower than the previous week’s $5.95/bushel.

Eastern Cornbelt: Powerful storms brought torrential rains and strong winds to the Eastern Cornbelt last week, causing road flooding and power outages across central and southern Indiana on July 14. Flash flooding was also reported in parts of Southern Ohio, with reports of at least 60,000 Ohio residents without power on July 14.

The storm system also pounded northern Illinois on July 13 with rain, high winds, and golf ball-sized hail. Perhaps the worst flooding was reported in northeastern Kentucky, where three were confirmed dead and five missing at midweek. Emergency declarations were in effect in Kentucky as a result, and also for at least six counties in West Virginia.

The summer’s near steady dose of rainfall continued to take a toll on crops in the Eastern Cornbelt, with sources talking of early cases of leaf spot and leaf blight in corn fields, and significant harvest delays for winter wheat and first cutting alfalfa. “The corn has holes in fields, but for the most part looks pretty good,” said one Ohio source. “Soybeans, however, are looking tough.”

USDA’s weekly crop report also showed steady declines in crop quality, with good or excellent ratings assigned on July 12 to just 41-46 percent of the corn and soybeans in Ohio and Indiana, compared with 48-56 percent in Illinois.

Western Cornbelt: Northern Iowa experienced strong thunderstorms early in the week, with more rain tracking through parts of the state as the week progressed. Nebraska also saw severe weather at midweek, with more than three inches of rain causing lowland flooding in some areas and hail damage reported to crops in Northern Lincoln and Custer Counties.

The crop issues associated with cool, wet weather conditions continued to plague some parts of the Western Cornbelt, particularly in Missouri. USDA assigned good or excellent ratings to just 31-39 percent of the soybeans, cotton, and sorghum in the state last week, while 52 percent of the Missouri corn crop and 59 percent of the rice was rated as good or excellent.

In Iowa and Nebraska, by contrast, good or excellent ratings were assigned to 71-78 percent of the soybeans and 73-82 percent of the corn last week. Nebraska’s sorghum crop was also looking good, with 69 percent of the acreage rated as good or excellent.

Northern Plains: Several strong storms were reported in the Northern Plains last week, including one that produced high winds, power outages, and a number of funnel clouds in southern Minnesota on July 12, and another that brought “intense” hail to areas of western South Dakota at midweek. A North Dakota source said his area was also under a “severe weather pattern” late in the week.

Despite reports of spotty crop damage due to we

Sulfur

Market Watch, Middle East, Sulfur, Tampa, U.S. Gulf, Vancouver, West Coast

Tampa: Mosaic and PotashCorp settled third-quarter supplier contracts for the price of molten sulfur delivered to Tampa last week. The new price of $137/lt is retroactive to July 1, and represents a $5/lt increase from the second-quarter price of $132/lt.

Locked to the Tampa index, the Houston and U.S. Gulf molten prices rose to $122/lt and $126/lt, respectively.

Industry players primarily credited strengthening international markets for the increase. When the Chinese market bottomed around $150/mt CFR in mid-April, worldwide markets froze while awaiting price direction. China started to firm in the weeks leading up to the start of third-quarter negotiations, eventually landing in the low-to-mid $160s/mt CFR.

The Middle East markets then followed suit with summer price increases, signaling to the domestic market a need to keep up. A widening gap between the Gulf offshore and Tampa prices also contributed to the increase, one source said.

Domestic refining capacity moved up last week, according to the U.S. Energy Information Administration (EIA). EIA put refinery utilization at 95.3 percent for the week ending July 10, an increase of 0.6 percent from the previous week’s 94.7 percent, and also up from last year’s 93.8 percent and the five-year average of 92.4 percent. The rate represents the highest second-week July total since 96.2 percent was recorded on July 8, 2005.

Daily crude inputs rose to an average 16.825 million barrels/d for the week, a jump of 229,000 barrels/d from the prior week’s 16.596 million barrels/d.

U.S. Gulf: Gulf prills were quoted in a range of $135-$145/mt FOB, unchanged from the week before.

Vancouver: Vancouver spot prices were called firm last week, with upward potential. The China sulfur market’s $162-$165/mt CFR levels put most Vancouver netbacks in the low $140s/mt FOB, although a smattering of transactions in the low $150s/mt FOB were relayed as well.

Sources said third-quarter contracts had begun settling in a range comparable to spot.

Sulfur production from Alberta refiner Syncrude 21 continued last week after efforts to increase hydrogen sulfide levels at load-out appear to have paid off, though not entirely. “They are still well below an acceptable (hydrogen sulfide) level,” one source said.

Early third-quarter Alberta molten contracts mostly settled at a rollover to second-quarter prices of (-)$10-$85/mt, market players said, although some expected levels to rise $5/mt in step with the Tampa settlement as the quarter wears on.

West Coast: The price of formed sulfur sold from the West Coast was called $130-$140/mt FOB last week, unchanged for the previous report.

Third-quarter California molten contracts fell in a range of $75-$125/lt FOB, down from second-quarter levels quoted at $90-$130/lt FOB.

ADNOC: Abu Dhabi National Oil Co. sulfur was priced at $150/mt FOB Ruwais for July, a $5/mt increase from June.

Aramco: Continuing a summer firming trend in the Middle East markets, Saudi Aramco raised its August price of formed sulfur to $152/mt FOB Jubail, an $8/mt hike from the prior month’s $144/mt FOB.

Aramco announced that Saudi Arabia’s Yasref refinery, a joint endeavor between Saudi Aramco and China Petrochemical Corp (Sinopec), reached full operating capacity in late June, processing a milestone 400,000 barrels/d. The facility began commercial operations on April 1.

Tasweeq: July Tasweeq offers were $149/mt FOB Ras Laffen, an $8/mt premium to the June price of $141/mt FOB.

Potash

Brazil, Eastern Cornbelt, Great Lakes, India, Market Watch, Northeast, Northern Plains, Potash Muriate, Russia, Southeast Asia, Sri Lanka, U.S. Gulf, Western Cornbelt

U.S. Gulf: The NOLA granular potash market was reported to have weakened last week, with new trades put between $305-$310/st FOB.

Eastern Cornbelt: Potash fill was pegged at $350-$355/st FOB for red and $362/st FOB for white granular tons in the Eastern Cornbelt. Rail-delivered potash fill was quoted at $360-$367/st in the region.

Western Cornbelt: Potash fill tons were generally reported at $350-$362/st FOB out of warehouses in the Western Cornbelt last week, with the lower end of the range for red and the upper end for white granular product. Rail-delivered fill tons were pegged at $360-$267/st for product shipped by Sept. 30. “There is some interest in fill, but not a lot,” said one Iowa contact.

Northern Plains: Potash fill offers were pegged at $355-$362/st FOB regional warehouses in the Northern Plains, with the low for red and the upper end for white granular tons. After netbacks, the fill market FOB Saskatchewan mines was pegged at roughly $305-$315/st for standard, $310-$320/st for granular, and $317-$327/st for soluble to U.S. customers.

The order period for potash fill from PCS was slated to end on July 10, but several sources speculated that tons could still be ordered at fill levels from Canadian producers last week.

Great Lakes: The potash market in the Great Lakes region was tagged at $355-$362/st FOB for summer fill, with the low for red and the upper end for white granular tons. One source said there was “not much interest in fill potash right now,” however.

The sulfate of potash (SOP) market remained at $740/st FOB Toledo, Ohio.

SOP Magnesia was pegged at $540/st FOB Wayland, Mich.

Northeast: Potash fill tons were quoted at $352/st FOB Baltimore for red, with the upper end of the regional range reported at $362/st FOB for white granular and/or soluble potash fill. Rail-delivered potash was pegged at $360-$367/st in the Northeast.

Sri Lanka: The government called a tender to close Monday, July 20, for 7,000 mt of MOP. The tons are to be delivered in October.

India: IFFCO is reported to have awarded its tender for 2,000 mt of potassium sulfate, which closed June 19, to four suppliers. The producer received 14 offers in total, with sources reporting the lowest offer backed by Chinese material at just short of $585/mt CFR. It is not yet known, however, which suppliers took the awards.

Southeast Asia: Prices appear to have slipped further this week in the Indonesian market, with standard material quoted at around $315-$320/mt CFR. The market is largely out of season, however.

Similarly, standard prices in Malaysia are still reported as low as $305/mt CFR. Prices in smaller markets such as Vietnam remain at around the $320-$325/mt CFR level for standard potash.

It remains to be seen if the prices announced by Canpotex last week – and likely to be targeted by other main suppliers – can be achieved in the coming weeks. Canpotex set its prices for standard material at $335/mt CFR and granular at $350/mt CFR for new business in all Southeast Asian markets.

Russia: Citing sources close to the company, Russia’s Vedomosti newspaper reported that Uralkali may upgrade its 2015 production forecast in August, but provided no likely new output target. News reports, quoting Interfax news agency, also suggested that the potash producer could sell 11.4-11.6 million mt of potash in 2015.

A spokesperson for Uralkali, however, told Green Markets last week that the new 2015 production target of 10.4-10.8 million mt announced in the company’s conference call late

Phosphates

Bangladesh, Brazil, Central Florida, China, Eastern Cornbelt, Great Lakes, India, Market Watch, Middle East, Northeast, Northern Plains, Phosphate Rock, U.S. Exports, U.S. Gulf, Western Cornbelt

Central Florida: Central Florida market interest was muted last week, sources said, with prompt demand primarily concentrated in the lower Southeast.

Prices were quoted at $430/st FOB for truck-loaded DAP, unchanged from the previous report. MAP trucks were offered at a $20/st FOB premium to DAP.

U.S. Gulf: Confirmed DAP barges peaked at $437-$438/st FOB on July 10, before cooling to $433-$436/st FOB as of July 16, sources said.

The run-up was described as the culmination of ongoing supply tightness stemming from the NOLA market’s competitive disadvantage against higher-dollar offshore markets. Firming prices in the corn market also played a role, increasing end-user confidence to reenter the retail market, albeit in a limited capacity.

Traders widely assumed the NOLA market would be unable to attract through August or September. Priced out of Russian and presumably Moroccan offers, Chinese producers were also thought to have turned their attentions elsewhere.

But market players described unexpected offers last week from a Chinese vessel due in August, a 31,000 mt combined DAP and MAP cargo rumored to have been diverted from Paranaguá, Brazil. DAP sales from the vessel were quoted around $430/st FOB, while, according to one source, a 10-50-0 MAP product was called $440/st FOB.

Including Chinese DAP transactions, sources called the August and September DAP markets in a range of $430-$438/st FOB for the week. October DAP paper offers were put at $416 and $418/st FOB.

The NOLA DAP market fell in a range of $433-$438/st FOB, an increase from the previous week’s $429-$433/st FOB. Market players called MAP $435-$445/st FOB, broadening from the last reported $437-$440/st FOB range.

Eastern Cornbelt: DAP was pegged at $460-$465/st FOB in the Eastern Cornbelt, up $5-$10/st from last report, with MAP reported in the $465-$475/st FOB range in the region.

Sources reported no new sales to test the 10-34-0 market. The last prompt business remained at $560-$590/st FOB in the Eastern Cornbelt. Sources reported no fill programs out for 10-34-0 yet, but some said they expected some fill pricing after the Southwestern Fertilizer Conference.

Western Cornbelt: Fueled by a stronger NOLA barge market, DAP pricing out of regional warehouses in the Western Cornbelt had reportedly inched up to $460-$465/st FOB last week, with MAP quoted at $470-$475/st FOB in the region.

10-34-0 remained at $565-$590/st FOB for the last confirmed sales in the region, but no new prompt business was reported to test the market and nothing was confirmed in the way of a summer fill program.

Northern Plains: DAP pricing had reportedly inched up to $465/st FOB the Twin Cities, with MAP at the $470-$475/st FOB level at that location. North Dakota sources quoted rail-delivered MAP in the $499-$505/st range for tons shipped from St. Louis, Mo.

The 10-34-0 market was quoted at $444/st FOB Grand Forks, N.D., and $470/st DEL in North Dakota for limited fill ton offers at mid-month.

Great Lakes: DAP was quoted in a broad range at $460-$485/st FOB in the Great Lakes region, with the low in Wisconsin and the upper end out of Michigan warehouses. MAP was $10/st higher than DAP, where available.

10-34-0 was pegged at $585-$595/st FOB in the region for the last bit of prompt business, but that was some time ago and there was nothing new taking place to test the market. Sources in both states said they were awaiting a 10-34-0 fill program at mid-month. “There is interest in fill 10-34-0, which makes sense after we were so short last season,” said one contact.

Northeast: MAP remained at $475-$480/st FOB in the Northeast,

Ammonium Sulfate

Ammonium Sulfate, Eastern Cornbelt, Great Lakes, Market Watch, Northeast, Northern Plains, Western Cornbelt

Eastern Cornbelt: Honeywell reposted its granular ammonium sulfate postings on July 14, moving up $10/st from its July 9 list prices, to $280/st FOB Illinois terminals at Byron, Danville, and Granite City, and $290/st rail-DEL in Illinois. Mid-grade postings from the company remained at the July 9 list price of $240/st FOB Byron and Danville, and $250/st rail-DEL in Illinois.

Interoceanic Corp. (IOC) also announced a price increase following its summer fill program for Rentech’s Premium Grade Ammonium Sulfate. After close of business on July 17, prices will be adjusted up prices will be adjusted up $5/st, to $285/st FOB Midwest river terminals and $295/st FOB inland Midwest terminals.

Ammonium thiosulfate remained at $335-$360/st FOB in the Eastern Cornbelt.

Western Cornbelt: Honeywell reposted its granular ammonium sulfate postings on July 14, moving up $10/st from its July 9 list prices. As a result, granular moved to $280/st FOB Dubuque, Iowa, and $290/st FOB Sioux City, Iowa. Interoceanic also announced a price increase following its summer fill program for Rentech’s premium grade ammonium sulfate. After close of business on July 17, prices will be adjusted to $285 Midwest river terminals and $295 inland Midwest terminals, up $5/st from the June 30 reference levels.

The ammonium thiosulfate market was steady at $325-$345/st FOB in the Western Cornbelt.

Northern Plains: Minnesota sources quoted the ammonium sulfate fill market at $270-$280/st FOB, while delivered fill tons in the North Dakota market were reported at $291-$300/st. Effective July 14, Honeywell’s granular ammonium sulfate postings moved to $280/st FOB Roseport, Minn., and $290/st FOB Sioux City, Iowa, up $10/st from the company’s July 9 list prices.

Interoceanic also announced an increase to its summer fill program for Rentech’s premium grade ammonium sulfate. Postings FOB Minneapolis will move to $285/st after close of business on July 17, up from the June 30 reference of $280/st FOB. The company’s posted price out of Northern inland terminals will move to $305/st FOB on July 17, up from the June 30 list of $300/st FOB.

The ammonium thiosulfate market was quoted at $320/st FOB in the region.

Great Lakes: Granular ammonium sulfate was tagged at $275-$280/st FOB in the Great Lakes region for fill tons. Effective July 14, Honeywell’s granular ammonium sulfate postings moved to $280/st FOB Wisconsin terminals at Amherst Junction and Prairie du Chien, and $290/st rail-DEL in Wisconsin. Those prices reflected a $10/st increase from Honeywell’s July 9 postings in the region.

The ammonium thiosulfate market remained at $360/st FOB in Michigan.

Northeast: Granular ammonium sulfate remained at $295-$310/st FOB and $310-$320/st DEL in the Northeast. Sources said they anticipated a fill program announcement imminently, with some saying new postings could be out by July 17. Nothing was confirmed at press time, however.

Fertilizer veterans lead Vivid Life Sciences; sister company is Agrichem Australia

News

Two former WinField executives are leading Vivid Life Sciences (VLS), a recently formed company that promises to bring new plant physiology technologies from around the world to North American farmers.

VLS CEO Josh Krenz has several years of agricultural input experience, including nine years at Land O’Lakes Inc. as the marketing manager at WinField Solutions, and most recently as the director of plant nutrition. He also worked for Bader Rutter & Associates. He holds an MBA from Colorado State University and an B.S. in agricultural marketing from the University of Wisconsin-River Falls.

Rod Schroeder is VLS chairman of the board. He was formerly the WinField executive vice president and chief operating officer. He was also a vice president at Agriliance LLC and spent 18 years as president and CEO of Aurora Cooperative, Aurora, Neb., initially starting his career there as controller. Schroeder is a graduate of the Lincoln School of Commerce.

VLS told Green Markets last week that in addition to Schroeder, the board also includes agriculture entrepreneurs John Gorman and Mike Dobbins. VLS said these three individuals represent 120 years of agriculture and entrepreneurial experience. VLS said Gorman has almost 50 years of entrepreneur experience, including real estate, banking/finance, and agriculture, which includes both startups and large companies. Dobbins, with over 35 years of experience, is the managing director of Agrichem Australia, which sells products to over 25 countries.

The company’s focus is on advanced nutritionals, biologicals, and enhancement technologies that increase crop yields and improve farmers’ economic returns. The technologies promise to add value to row crops, specialty crops, vegetable and fruit crops.

“With tighter constraints and escalating populations, producing enough food will continue to be the biggest challenge growers face in the years to come,” said Krenz. “Vivid Life Sciences is searching the globe and vetting technologies that can offer relevant and practical solutions to match growers’ needs in North America.”

“By bringing brighter ideas in plant performance, we’re helping our ag retail customers add life to their product portfolios and ultimately helping growers reach their potential and achieve greater yields,” added Krenz.

Initially, VLS is leveraging the expertise and technology from its sister company, Agrichem Australia, Yatala, Queensland. Since 1986, Agrichem has offered an extensive range of specialty liquid fertilizers, soluble solids, plant health formulas, and adjuvants for growers in Australia and internationally. The Aussie sister says it has spent over $11 million in research and development in the past four years. It has a manufacturing facility in Australia.

VLS says it will represent Agrichem products in the U.S. and Canada, with more details on the partnership between the two to be announced this fall.  The company is also actively developing partnerships with other international technology companies.

VLS will license IP-protected products and technologies to agricultural partners and distributors in the U.S. and Canada. It also plans to conduct product research trials in North America and provide product training and support for its licensed partners.

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