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DTN reports that wholesale fertilizer prices fell in November, with ammonia, DAP and urea lower and potash barge prices steady in New Orleans. Tampa ammonia settled $30 lower at $325/mt CFR as a weak fall application season weighed on demand.
Analysts expect weak prices to continue in the short term.
Softer nitrogen and phosphate prices lower fertilizer costs for US grain producers, which can weigh on feed grain costs. The effect is modest and limited to the short term.
dtnpf.comKarl Stenerson Market ReporterDec 13, 2018Not 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.
