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US ammonia prices rose nearly $200/t in August, with Corn Belt FOB levels approaching $600/t, driven by late-summer demand, nitrogen plant turnarounds and a rising Tampa contract. The report says both US and global ammonia markets are expected to keep rising.
Rising ammonia and nitrogen costs increase fertilizer expenses for US corn growers, which can influence future corn acreage and supply.
greatamericancrop.comSep 19, 2023Not 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.
