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DTN retail data showed the average DAP price reached $702/ton in the second week of September 2021, the highest in about 10 years and 62% above a year earlier. Potash rose 6% to $598/ton while urea, MAP and anhydrous also edged higher.
Two major manufacturers announced shutdowns of European plants due to high natural gas prices.
Higher phosphate and nitrogen input costs raise production costs for feed grains and oilseeds, and tighter fertilizer supply can pressure future crop acreage and yields. Persistent fertilizer inflation supports feed cost increases for buyers.
dtnpf.comRuss QuinnSep 22, 2021Not 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.
