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Fertilizer prices have fallen to their lowest level in more than a decade, according to economist David Widmer, even as USDA expects the second-largest US corn crop on record. DAP and MAP prices are down about 21% year over year, near $400 per ton, while urea has dropped only 2% to $388 per ton.
Cheaper phosphate and nitrogen lower grain production costs and may support planted acreage, a modest bearish signal for fertilizer prices and a supportive backdrop for corn supply.
hayandforage.comApr 14, 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.
