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US retail fertilizer prices fell for a second straight week in the third week of July 2023, with urea averaging $596/ton, below $600 for the first time since September 2021. Anhydrous fell 6% month on month, while the other major fertilizers eased slightly.
A strike at the Port of Vancouver had also forced Nutrien to limit export capacity at a potash mine.
Lower retail nitrogen prices ease input costs for US crop producers, although the potash export disruption partly offsets the decline. Feed-grain demand and prices are not directly changed by this retail move.
dtnpf.comRuss QuinnJul 26, 2023Not 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.
