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DTN retail fertilizer prices for the third week of May 2018 were mostly higher versus the prior month, with MAP at $504/ton, potash $354/ton, and urea $364/ton. Three products including DAP and urea were slightly lower.
Planting progress (92% of corn, 77% of soybeans) has not yet translated into falling prices.
Persistent retail fertilizer strength raises input costs for corn and soybean growers, which can support crop prices and weigh on margins for feed buyers over the coming season.
ocj.comJoel PenhorwoodMay 31, 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.
