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Fertilizer Daily compares crop and fertilizer prices year on year, showing corn falling from $5.56 to $4.33 per bushel and wheat from $7.16 to $5.98 between June 2023 and June 2024. Urea was roughly flat at $300 per short ton FOB NOLA, while DAP rose to $543 from $451.
Lower crop prices combined with higher DAP costs have worsened farm affordability, which may restrain phosphate demand and pressure feed-grain margins.
fertilizerdaily.comIlya MotoryginJun 28, 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.
