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DTN's retail survey for the second week of November 2020 found mixed fertilizer prices in the US. Urea averaged $358/ton, down $1 from last month, while DAP rose $9 to $454/ton and is now close to its 2019 level.
CF Industries expects US corn plantings of 90 million acres in 2021, with higher wheat and canola acres.
Small moves in retail urea and DAP are mostly noise, but DAP's rise shows phosphate costs are firming for growers. Expected corn and wheat plantings in 2021 point to steady nitrogen demand, which supports fertilizer prices and indirectly crop input costs for feed.
dtnpf.comNov 18, 2020Not 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.
