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DTN reports the average retail anhydrous price was $461 per ton in the third week of December 2017, up 12% from November. Farmers cite a rise in nitrogen costs after a fall application season and mild weather that reduced natural gas use.
Higher anhydrous costs add to corn production expenses just as margins are tight, which may trim corn acreage intentions and eventually support feed grain prices.
u.osu.eduruff.72 atJan 2, 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.
