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DTN's retail survey shows the average urea price at $355 per ton in the last week of January 2018, up about 1.4% from December. Seven of eight major fertilizers rose slightly over the month, while potash eased to $344 per ton.
Anhydrous was no longer rising by 5% or more weekly.
Rising retail fertilizer costs add to corn production expenses in the US, which can limit acreage or application rates and support corn prices. The gains are gradual, so the impact is moderate.
dtnpf.comRuss QuinnFeb 7, 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.
