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DTN retail fertilizer prices were mostly lower in the first week of August 2020 compared with July. UAN28 fell 5% to an average of $222/ton, while potash, urea, anhydrous and UAN32 were slightly lower.
DAP and MAP were slightly higher at $416/ton and $430/ton. A new Minnesota groundwater rule will restrict fall nitrogen application.
Lower retail fertilizer prices reduce input costs for grain and feed-crop growers, which is mildly bearish for fertilizer-linked price sentiment. Most moves were minor, so the impact is limited.
dtnpf.comRuss QuinnAug 12, 2020Not 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.
