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DTN retail data for the second week of March 2021 showed UAN28 at $306/ton, up 26% from a month earlier and above $300/ton for the first time since 2015. Anhydrous ammonia reached $625/ton, and MAP, urea, potash and DAP were also higher.
All eight major fertilizers rose at least 5% for the sixth straight week.
Broad retail increases in nitrogen, phosphate and potash raise the cost of crop production in the coming season. Persistent strength suggests farm input costs will keep weighing on feed grain economics.
dtnpf.comRuss QuinnMar 17, 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 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
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.
