
Retailers told CropLife that the main risk for US fertilizer this autumn is farmer affordability rather than supply. Potash is expected to hold steady on plentiful Canadian supply, and nitrogen should sell well with more than 95 million acres of corn planted.
Phosphate applications may fall to about 60% of two years ago.
Lower phosphate application points to softer US DAP demand this season. Potash and nitrogen demand look more stable, so those prices should hold near current levels.
Not 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.