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Illinois Fertilizer and Chemical Association president Kevin Johnson told a soybean summit that fertilizer prices swing with many global factors, including weather, tariffs, sanctions, natural gas and crop prices. He said ammonia prices have moved sideways after rising from late-August lows, and that about 90% of global nutrients move across borders.
He noted the US ranks third in nitrogen and potash consumption and fourth in phosphate use.
Because US fertilizer supply depends heavily on imports and natural gas, global shocks pass quickly into domestic input costs. Sideways ammonia prices suggest no immediate price relief for crop producers.
agrinews-pubs.comTom DoranMar 20, 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.
