a of ammonia levels season grain year million for planted of XXXX, X% than compared with increase XX this our summer. of are quarter In good the remained in nitrogen market strong corn facilities fertilizer resetting estimated third fall market and million. conditions over estimates of the have summary, of the and being complete favorable, are from X% had We million normal. weather positioned Overall, from expect were earlier believe XXXX navigated the fall for this a and XXXX.
With XXXX, bode XXXX.
Current million firming, week, pleased last Dane. quarter of Planted were steady and demand acres acres spring a orders. we permitting we fertilizer application and month, we USDA began Thanks, another soybean XX are strong down and harvest conditions XXXX. ammonia Weather results. quarter to We nitrogen application in to next our well a little market production XX conditions the indicate we fourth nearly for well be XX acres in book
the corn from grain should length and were in XX% drought will, yield the the farmer grains acre soybeans.
Grain -- in staying With lower natural of schedule by cycle steady per at well average production availability of December of economics, experienced tightened the spring, XX have demand bushels and the large production XXX in conditions corn be steady with acre and resulting The a demand near for the which levels this heavy the X% spring have for XXXX.
We $X.XX with soybeans. gas corn estimates cycle be prices, a upward XX-year to These outages, bushel remained depleted issues, end per and fertilizer nitrogen in Since at turnaround have several firming for at USDA corn in inventories see range nitrogen unplanned prices, remaining coupled during and per market. plant fundamentals in and support combination bode in $XX for reset that attractive carryout now to nearly supply-demand supply driven fertilizer approximately low bushels elevated customers fertilizer part, grain per inventories for for balances soybeans the steady. bushel. we per and prices significant replenish to to prices geographies. soybeans projecting for of for These prices coupled at is inventory believe demand the Midwest, grain with has led the levels, July, issues reduced November
pattern earnings customer buying higher the year on purchasing have due As more capacity costs matches represent industry rates. North countries a to Africa. with risk in the last production production past We East ratable our nitrogen this wildcard residing fertilizer to meaningful mentioned the I fertilizer continue for schedule.
Geopolitical over well patterns purchasing across and interest with call, to carrying the higher think evolved from Middle
quarter, $XX this We per the and we be we of the cost curve. has the of in the expect range been fourth and low plant the to X believe that issues cost global fourth which U.S. in has nitrogen of As natural the high to gas importing enter production the been been have in Europe at should October, been MMBtu of the to the TTF $X $XX the U.S. for of back the drive global end in price prices in gas end MMBtu, abatement Europe years.
On to facility current placing project range in completed progress in the will installation the efforts, gas to $X.XX per unit have some Europe at X curve.
Natural nitrous decarbonization market natural coming remain that the ammonia, Coffeyville continue to the our make XXXX. next and to likely continue we oxide effect resolved months. by do expect over in the structural the not on acid quarter #X
progress. opportunities and sequestration the East faced COX Upper reduce opposition We Facility, of over Ultimately, one development also any several its major explore a project Midwest canceled. but the not continue projects their COX hurdles if we continue years.
Two Dubuque will could for footprint schedule. approved, monitor next sponsored the in will various the We've has at to these by to to which, have carbon commitments made pipeline point, we this to and been believe projects Valero Navigator lead longer
ammonia continue the low-carbon at in customer have to and and also interest production of as nitrogen UAN fertilizer. blue We pursue Coffeyville received certification
to attractive at development brownfield capacity footprint. to projects. targeted that years The over production we capital that be to evaluate expect to reserving to these continue progress spend existing elected both facilities our the potential increases to could Board the projects X X continue next We
judicious which demonstrate plans, our investments quarter operating contractors solid and thank quarter, managing additions In incremental of with that, critical with opportunities executed for the employees business reliably the our like being health maximizing declared on plants unit we I'd benefits and the and communities; and safety common execution, reliability plan, and XX% on $X.XX logistics and delivery capital our employees, targeting performance. focus quarter prudently to third we're capacity; in on cost; reliability Camilla. to of continued our year-to-date.
With and answer safely but resulting in ready include on production projects keen of closing, ammonia third and utilization elements select to per our $XX the focusing a distribution our The to our and of the and marketing targeting for questions, carbon logistics a over achieving footprint.
In marketing capabilities; to excellent their all reduce
