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DAP barge prices rose in April on tight supply and rising end-user demand, with NOLA trades as high as $390/ton versus $380-385 the prior month. Ammonia prices softened in the west but firmed in the east as plant turnarounds tightened supply, and the May Tampa ammonia contract settled $20 lower at $255 CFR.
Higher phosphate and ammonia costs raise input costs for crop producers and feed-grain margins, while a delayed application season eases near-term demand pressure.
dtnpf.comKarl Stenerson Market ReporterMay 4, 2018Not 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.
