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DTN data show all eight major US fertilizers were more expensive than a month earlier, with urea up 6%. Fertilizer prices relative to corn rank among the worst historically for this time of year.
Analysts note the US faces a fertilizer capacity deficit.
Elevated fertilizer costs relative to corn prices reduce expected spring planted acreage and could tighten corn supply, while squeezing feed producer margins.
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.