Loading…
Fertecon's March 2022 recap shows wholesale fertilizer prices stayed high, with US Corn Belt ammonia rising to $1,450-1,550 per short ton from the prior month. Winter delayed preplant application, and the Ukraine war pushed overseas prices higher.
Persistently high ammonia and other nutrient costs raise corn production costs and may shift US acreage, adding to upward pressure on feed grain prices.
dtnpf.comDTN Progressive FarmerMay 1, 2022After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
