# Fertilizer Prices Declined Sharply in May as Spring Planting Season Wanes

> DTN reports that US fertilizer prices fell sharply in May as spring planting ended. Corn Belt anhydrous ammonia dropped to $475-$550 per short ton FOB from $750-$840 in April. The article also notes DAP traded at a premium to MAP in late 2022 and early 2023 due to relative DAP shortages.

- Date: 2023-06-15 · published 2023-06-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35427-fertilizer-prices-declined-sharply-in-may-as-spring-planting-season-wanes
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Lower nitrogen and phosphate costs ease input budgets for US corn and feed production. The seasonal decline is largely expected and does not change the grain supply outlook much.

## Read by commodity

- DAP: bearish ▼
- TSP: neutral
- UREA: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/crops/article/2023/06/15/fertilizer-prices-declined-sharply

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