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Farm Progress analysts Michael Rahm and Alan Blaylock expect nitrogen, phosphate and potash prices to stay below 2022 peaks in 2023 but not return to pre-2020 levels. They say wholesale prices may have more upside than downside risk during the season, and European gas prices drove the ammonia spike.
Expected firm fertilizer prices raise farm input costs for feed grain growers, which can support corn and other feed grain prices over the 2023 season.
farmprogress.comTom J. BechmanFeb 22, 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.
