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DTN's retail survey for the fourth week of May 2022 shows mostly slight fertilizer price increases, with urea at $989/ton, down $42 from April's record high. DAP averaged $1,056/ton and MAP $1,082/ton, with UAN32 at an all-time high.
Retail fertilizer near record levels raises grower input costs and may curb acreage expansion, supporting grain prices into the next crop cycle.
dtnpf.comRuss QuinnJun 1, 2022After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
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.
