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USDA data showed DAP falling $76.07 to $828/st and MAP down $24.94 to $870.41/st in the report week. Potash also declined, to $720.83/st, and phosphates are priced at a discount to nitrogen amid a supply overhang.
A growing phosphate supply overhang and falling potash prices suggest further weakness in crop-input costs for feed grain producers.
profarmer.comDavis MichaelsenFeb 17, 2023Not 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.
