
Fertilizer prices remain historically high entering spring planting, with urea, UAN and anhydrous ammonia ranking as the second-highest ever for this time of year. China is expected to stay out of phosphate export markets until at least August 2026.
Sulfur and ammonia costs are also rising.
Tight nitrogen and phosphate supply keeps input costs high and squeezes crop margins, which can limit application rates. Elevated fertilizer costs support prices for nutrient-dependent products.
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.