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DTN retail survey data show nitrogen fertilizer prices hit all-time highs at the end of November 2021. Anhydrous rose 33% in a month to $1,308 per ton, and urea rose 16% to $868 per ton.
Record US retail nitrogen prices raise the cost of corn production and reinforce the upward cost pressure on feed grains.
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.