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USDA-reported Illinois fertilizer prices show anhydrous ammonia back above $500 per ton after falling to about $400 last fall. DAP is above $450 per ton and potash is 6 percent higher than last spring, while urea is up 4 percent.
Rising fertilizer costs raise the cost of growing corn and reduce margins for US crop producers, which can influence planted acreage and nitrogen demand.
hpj.comHPJ StaffApr 9, 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.
