Loading…
Fertilizer prices in Illinois kept falling through the first half of August 2023, with anhydrous ammonia at $586/t on August 10, down 33% since July 27. The article attributes the decline to expanded global capacity and weaker European demand, and says the narrowing urea premium may shift farmers' nitrogen choices for 2024.
Lower nitrogen input costs ease grain production economics, and a possible shift toward urea could alter demand patterns for fertilizer and feed grains.
farmdocdaily.illinois.eduLee BynumAug 15, 2023Not 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.
