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DTN retail data for the second week of April 2022 show DAP at $1,047/ton, an all-time high and 68% above last year. MAP and urea also rose about 7% from the prior month, and several other fertilizers hit record levels.
Record retail nitrogen and phosphate prices raise crop production costs, which can reduce planted acreage and tighten feed grain supply, supporting corn and soymeal price expectations.
dtnpf.comDTN Progressive FarmerMay 1, 2022Not enough comparable past events yet for a historical read.
Not 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.
