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DTN retail data for the third week of November 2019 show seven of eight major fertilizers lower month over month, with DAP at $456/ton, potash $381/ton and urea $387/ton. Bank of America Merrill Lynch upgraded CF Industries and Nutrien to Buy, expecting a price inflection by spring.
Continued lower fertilizer costs support farm margins and planting economics for corn and soybeans, though analysts expect a rebound into 2020.
proag.comNov 29, 2019Not 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.
