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Spot DAP phosphate prices at New Orleans briefly hit a record ratio to December corn futures, with a $820/ton barge equal to roughly 184 bushels of corn per ton per Stone X data. The weekly average eased slightly, but the ratio remains near its 2008 worst level.
Fertilizer now accounts for about 40% of farmers' production costs.
Phosphate costs are high relative to corn, which squeezes grower margins and may reduce phosphate application and future crop yields. The elevated DAP price supports phosphate-linked input costs for feed producers.
agweb.comAug 8, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
