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NDSU soil specialist Dave Franzen advises wheat growers that high phosphate prices relative to wheat prices justify lower application rates. He notes that if phosphate reaches about $1 per pound, the critical soil test value may drop, and recommends shaving broadcast rates.
Growers responding to high phosphate costs by cutting rates could temper near-term DAP and MAP demand, though it is agronomic advice rather than a new market shock.
rrfn.comCarah HartFeb 10, 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.
