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Iowa cash bulk fertilizer prices as of July 21, 2017 were $228/ton for liquid nitrogen, $467/ton for MAP/DAP and $362/ton for potash. These are down 26%, 9% and 7% year on year, respectively, continuing a long-term downward trend.
Lower nutrient costs reduce input expenses for crop producers, which can support acreage and feed grain supply over time, though the effect on current grain prices is limited.
iowafarmbureau.comPreston Lyman: Research &, CommoditiesJul 27, 2017Not 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.
