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An agricultural economist reports that US fertilizer prices are at their lowest levels in about a decade, with anhydrous ammonia near $500 per ton versus about $600 last year. DAP has fallen 22% year over year.
Farm diesel is also 27% lower than a year earlier.
Cheap fertilizer and diesel lower planting costs for a large expected corn crop, which is bearish for fertilizer prices and adds to corn supply.
agriculture.comDavid WidmarApr 6, 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.
