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The Fertilizer Institute's senior economist said most nitrogen products are near their 10-year average prices and trending down from 2022-2023 highs, with potash about 2% above its 10-year average. She noted DAP remains somewhat high relative to history and that fertilizer production is up this year.
Fertilizer prices are normalizing from recent peaks and output is rising, which eases input cost pressure on feed grain and livestock producers.
thedailyscoop.comMay 29, 2024Not 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.
