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DTN reported that most US retail fertilizer prices drifted lower in the third week of July 2020, with urea averaging $358 per ton, down $1. DAP rose $3 to $407 per ton but remained about 18% below a year earlier.
None of the major fertilizers fell 5% or more in the period.
Stable to softer retail urea prices reduce nitrogen input costs for US producers heading into fall purchasing. The small weekly moves signal no sharp price shift.
dtnpf.comJul 29, 2020Not 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.
