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US farm-gate fertilizer prices remain elevated even though wholesale prices have corrected sharply from spring highs. Retailers who bought at peak prices are reluctant to cut margins, and USDA data show urea, MAP and potash well above year-ago levels.
The lag between wholesale and retail prices means US farmers face higher input costs than global benchmarks suggest, which could keep margins tight until fall demand sets the next price direction.
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.