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Fertecon's DTN Fertilizer Outlook reports global ammonia prices edged higher in early October on tighter supply before stabilizing as production normalized. Yara's Baltic contract rolled over at $232-233/mt FOB, and the Tampa phosphate contract rose $5 to $260/mt CFR for November.
Stable-to-soft nitrogen and phosphate prices lower the cost of fall fertilizer application for feed grain growers, which can influence corn acreage and yield expectations.
greatamericancrop.comNov 12, 2019Not 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.
