# Fertilizer buyers smell blood in the water - Manitoba Co-operator

> Fertilizer prices have fallen significantly from last year's highs, but buyers are waiting for further declines. StoneX's Josh Linville traces the past tightness to the 2020 Midwest derecho, the 2021 Texas gas shortage, Hurricane Ida, and Russia's invasion of Ukraine.

- Date: 2023-02-24 · published 2023-02-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37633-fertilizer-buyers-smell-blood-in-the-water-manitoba-co-operator
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Market power is shifting toward buyers as inventories rebuild, which pushes fertilizer prices lower into spring. Lower input costs improve feed-grain margins, though buyers' reluctance to commit may keep prices volatile.

## Read by commodity

- UREA: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/news-opinion/news/fertilizer-buyers-smell-blood-in-the-water/

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