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Fertecon's review of wholesale fertilizer prices shows US ammonia moved flat at $320-$350 per short ton FOB in March, rising to $380-$400 at Illinois and Ohio terminals late in the month. Spring demand is ramping up, with USDA raising its corn acreage forecast to 97 million acres.
Higher corn acreage and early spring application support US nitrogen demand, which typically pushes ammonia and urea prices firmer during the planting season.
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.
