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US fertilizer prices were largely stagnant in the first week of January 2024. Anhydrous fell 7% month-on-month to an average of $789/ton, and urea averaged $534/ton while potash averaged $513/ton.
Six of eight major fertilizers were lower than a month earlier, while DAP and 10-34-0 rose slightly.
Lower US urea and potash prices reduce nutrient costs for the coming spring application season. The broad softness signals reduced input cost pressure on US crop margins.
proag.comJan 11, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
