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Illinois farm-level data from USDA AMS shows fertilizer prices are up across the board versus spring 2020 and fall 2020. DAP is up 57% year on year, while anhydrous ammonia and urea rose 17% and 25% respectively.
Overall fertilizer expense is about $29 per acre (30%) higher, with DAP accounting for roughly $18 of that increase.
Phosphate costs dominate the rise in input expense, which squeezes feed-grain and oilseed margins for growers and may shift acreage away from crops needing heavy phosphate use. Elevated DAP prices point to continued firmness in fertilizer markets.
agrimarketing.comMar 29, 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.
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.
