Loading…
Most major US fertilizer prices declined in the week reported, with UAN28 dropping $400 per ton to its lowest level since September 2021. Anhydrous fell 5% to $753 per ton, while DAP rose $1 to $825 and potash held at $620.
A new fertilizer compound plant under construction in Ontario is expected to increase domestic supply.
Falling nitrogen and fertilizer costs lower input expenses for corn growers, which can support planting economics and corn acreage over time.
proag.comJul 6, 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.
