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DTN's weekly survey found that most fertilizer prices kept falling in the fourth week of October 2019, with DAP down $14 to $465/ton and potash down $1 to $383/ton. UAN32 was the only price to rise, while urea and 10-34-0 were unchanged.
Several fertilizers were also cheaper than a year earlier.
Lower phosphate and potash prices reduce input costs for feed-grain and oilseed production in the US, which supports a softer cost outlook for feed buyers. Urea's flat price keeps nitrogen costs steady.
dtnpf.comTodd NeeleyOct 30, 2019Not 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.
DTN's weekly survey, published 2019-10-30 (the day before the move), showed DAP down $14 to $465/ton, which confirms physical price weakness and likely fed futures and swap selling.
DTN's survey showing DAP retail prices falling $14 to $465/ton in the last week of October points to weakening demand and price momentum, which is consistent with a sharp one-day drop in DAP just after.
