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Michigan Farm Bureau cites USDA data showing retail fertiliser prices remained low and stable in the first half of 2017. August prices for DAP, potash, urea and anhydrous ammonia are 5 to 15 percent below 2015-2016 levels.
Low and stable fertiliser costs keep farm input expenses down, supporting feed grain margins. The report describes conditions rather than a new price shock.
michiganfarmnews.comGeorge Silva, MSUEAug 28, 2017After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
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.
