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Fertilizer Daily's monthly affordability analysis shows urea FOB NOLA eased to $310 per short ton in November, DAP declined marginally to $570, corn rose to $4.38 per bushel, and wheat fell to $5.57. The author compares crop prices to fertilizer costs to gauge affordability.
Falling wheat prices combined with stable fertilizer costs worsen grower affordability, which can reduce future planted acreage and feed-grain supply. The article is routine price-ratio commentary with no new supply shock.
fertilizerdaily.comDec 6, 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.
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.
