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DTN and Fertecon review fertilizer wholesale prices from December into early January. UAN32 at CF river terminals held at $150 to $160 per ton FOB through February.
February was one of the wettest on record and USDA cut its corn-planted acreage forecast by 500,000 acres to 94 million.
Wet weather delaying spring fieldwork and lower corn acreage expectations reduce near-term nitrogen demand, which limits price upside for fertilizer.
dtnpf.comLogan Garcia Market ReporterMar 10, 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.
