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US fertilizer prices are 45% to 60% below year-earlier levels, though they rebounded from March lows as planting began. Urea, UAN, anhydrous and potash are down about 60% year over year, while phosphates are down 45-50%.
Sharply lower fertilizer costs support farm margins and planted acreage, while the recent rebound from March lows suggests a near-term floor in nutrient prices.
agweb.comApr 13, 2023Not enough comparable past events yet for a historical read.
Not 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.
AgWeb reports US fertilizer prices rebounded from March lows as planting began, consistent with a seasonal demand-driven bounce in phosphates, though published a day after the window ended.
