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Fertecon's December 2021 recap says ammonia prices were flat, with Corn Belt offers at $1,350 to $1,395/short ton, and truck driver shortages constrained deliveries. The report expects wholesale fertilizer prices to keep climbing through 2022.
Flat December ammonia and continued expected increases keep nitrogen costs high for US corn growers heading into spring, supporting grain prices and feed costs.
dtnpf.comDTN Progressive FarmerFeb 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.
