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Illinois fertilizer dealers report prices beginning to trend down after historic highs, with urea posting the largest drop of $300-400/ton. Excess urea left over from pre-plant applications in northern states contributed to the decline.
Lower urea prices reduce nitrogen costs for corn growers, though dealers expect fall prices to depend on overseas trends and grain prices. Fuel costs for delivery remain a drag.
wgem.comLogan WilliamsJun 27, 2022Not 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.
