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USDA Illinois data show fertilizer prices have turned higher for 2018 after falling through 2017. Anhydrous ammonia has moved back above $500/ton and DAP is above $450/ton, while potash has also turned up from its late-2016 low.
Rising anhydrous, DAP and potash prices raise input costs for corn and other crop producers, which can reduce planted acreage and affect feed grain supply expectations.
u.osu.eduruff.72 atMar 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.
