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Fertecon's review of February and early March 2022 shows US ammonia prices flat after a record Tampa settlement, with Corn Belt values at $1,350-$1,375 per short ton. Urea markets were extremely volatile while seasonally slow demand kept domestic nitrogen prices steady.
Stable but historically high nitrogen costs keep input expenses elevated for corn growers, reinforcing upward pressure on corn production costs ahead of spring planting.
dtnpf.comDTN Progressive FarmerApr 1, 2022Not 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.
