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DTN reported record US retail fertilizer prices in early November, with anhydrous up 38% to $1,113/ton and urea up 26% to $820/ton. The Green Markets North American Fertilizer Price Index hit a new record, driven by supply disruptions and shortage worries.
Record retail fertilizer costs raise input expenses for US corn and feed grain growers, which can reduce planted area or yields and support feed grain prices.
farmpolicynews.illinois.eduKeith GoodNov 14, 2021After 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.
