# It’s buying time for fuel, fertilizer

> Farm Futures analyst Bryce Knorr says fertilizer and fuel prices have fallen sharply from last year's highs, with June Gulf ammonia settling at $308 per short ton, down nearly 80% from the peak. He advises growers buying fall inputs to lock in prices while noting weather, war and macro risks.

- Date: 2023-06-05 · published 2023-06-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35423-it-s-buying-time-for-fuel-fertilizer
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower fertilizer and diesel costs reduce farm production expenses, which can support planted acreage and supply over time. The article is advisory and does not signal a direct move in feed grain prices.

## Read by commodity

- UREA: bearish ▼
- DIESEL: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/it-s-buying-time-for-fuel-fertilizer

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.