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Michigan State University Extension, citing USDA Illinois data from August 17, reports retail fertiliser prices remained low and stable in the first half of 2017. The industry is in a down cycle, and farmers are advised to consider pre-ordering phosphorus and potash.
Low, stable phosphate and potash prices give buyers a window to lock in supply for next season, with no clear price catalyst in the near term.
morningagclips.comAubreyAug 24, 2017After 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.
