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DTN reports that most US wholesale fertilizer prices are seen steady to lower as summer fill ends. NOLA barge prices fell about $5 to $195-$200 per ton FOB, with lower prices rumored.
Ammonia fill prices dropped sharply from May levels, and urea and phosphate buyers showed limited interest.
Lower fertilizer input costs point to reduced pressure on farm margins and little near-term upside for fertilizer-linked prices. The weak buying interest suggests the downward trend may persist.
dtnpf.comLogan Garcia Market ReporterJul 9, 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.
