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DTN's first-week-of-May retail survey found fertilizer prices mixed, with half of eight major products lower and half slightly higher. Urea rose $14 to $418 per ton, 14% above a year earlier, while DAP fell $4 to $501 per ton.
Flooding on Northern Plains river systems and a wet Midwest spring have complicated fertilizer application and deliveries.
Urea's year-over-year rise lifts nitrogen costs for corn growers just as planting is delayed, while small moves in other products leave the complex broadly steady. Logistics disruption can cause regional price spikes for buyers at the end of supply lines.
dtnpf.comRuss QuinnMay 15, 2019Not 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.
