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DTN retail data for the fourth week of March 2024 show all eight major US fertilizer prices higher than the previous month. Urea rose 8% to an average of $576/ton and UAN28 rose 5% to $360/ton, while DAP, MAP, potash and other products edged up.
Analysts warned the Francis Scott Key Bridge collapse in Baltimore could disrupt UAN imports, which mostly come from Russia.
Higher urea, UAN and phosphate prices raise the cost of crop production, which can support corn and soybean prices. The Baltimore port disruption could tighten UAN supply further if the closure lasts.
dtnpf.comRuss QuinnApr 3, 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.
