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Michigan Farm Bureau republishes David Widmar's analysis that 2020 fertilizer prices are among the lowest in a decade. Illinois anhydrous ammonia is about $500 per ton, down from about $600 a year earlier, and DAP is down 22%.
The article notes this comes alongside a projected 97 million-acre corn crop.
Lower input costs for a very large US corn crop add to expected supply, which is bearish for corn and nitrogen and phosphate fertilizer prices.
michiganfarmnews.comFarm News Media, David Widmar, Agricultural Economic InsightsApr 7, 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.
