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ProAg reports that fertilizer prices have fallen sharply in recent weeks after a spring jump. Illinois USDA data show anhydrous ammonia down about 22%, DAP down 17% and potash down 5% versus April-May averages.
Nitrogen products including urea and liquid 28% have followed a similar decline from spring highs.
Lower nitrogen and phosphate costs ease input expenses for crop producers and may support corn acreage economics, while feed-grain buyers see reduced pressure on production costs. The price decline reflects seasonal fall demand softness rather than a new supply shock.
proag.comOct 15, 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.
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.
