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USDA Illinois production cost data show farmers paying more for fertilizer in 2019 than a year earlier, with anhydrous up 18%, urea up 10%, and potash up 11%. Prices remain below early 2015 levels but well above 2016 and 2017 lows.
Higher nitrogen, phosphate and potash costs raise the cost of crop production, which can support feed grain prices over time.
hayandforage.comHay, Forage GrowerApr 2, 2019Not enough comparable past events yet for a historical read.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
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.
