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Fertilizer prices in September were mostly higher than in spring, with urea and DAP up 6% and liquid nitrogen up 28%. Anhydrous ammonia fell 4% since spring.
Urea reached about $390 per ton, the highest in more than two years, and potash moved above $350 per ton.
Higher nitrogen, phosphate and potash prices raise the cost of corn and wheat acreage decisions for 2019. Stronger soybean prices may draw acres toward corn, which increases fertilizer demand.
hpj.comHPJ StaffNov 29, 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.
