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DTN's retail fertilizer survey for the fourth week of February 2020 shows most fertilizer prices slipping from a month earlier, though none fell sharply. DAP averaged $409/ton, MAP $434/ton, potash $371/ton, urea $366/ton and anhydrous $490/ton, with urea, anhydrous and UAN32 posting minor gains.
Stable-to-softer retail fertilizer costs ease spring input budgets for feed grain growers, but the lack of a sharp move leaves little direct pressure on feed commodity prices.
dtnpf.comMar 4, 2020After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
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.
