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Michigan Farm Bureau analysis finds 2019 fertilizer prices have turned higher, with anhydrous ammonia above $600/ton, up about 18% from spring 2018, and urea up 10%. Estimated fertilizer expense is $14/acre higher than in 2018, and urea looks relatively attractive versus anhydrous.
Rising nitrogen costs add to corn production expenses and may shift growers toward urea, supporting urea demand while adding cost pressure on corn margins.
michiganfarmnews.comAgricultural Economic Insights, Farm News MediaMar 27, 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.
