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Fertilizer prices are approaching decade highs, with anhydrous ammonia averaging $856 per ton in early October, near the 2013 peak. DAP at $780 per ton and potash at $725 per ton are well above their previous highs.
Phosphorus and potassium have risen the most over the past 18 months.
Elevated phosphate and potash costs raise production expenses for corn and other feed grains, which can cut planted area and support grain and feed prices over the coming season.
agupdate.comDavid Widmar Agricultural Economic InsightsOct 13, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
