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DTN's retail survey found the average UAN32 price rose 5% to $398 per ton in the first week of May 2021, and urea rose 2% to $514 per ton. Prices were up sharply from a year earlier, with all eight major fertilizers higher than a month before.
Rising retail nitrogen costs raise input expenses for US grain producers, which can shift planting economics and support nitrogen-linked price expectations.
dtnpf.comRuss QuinnMay 12, 2021Not 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.
