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DTN reported that anhydrous ammonia fell 8% month on month to an average of $462 per ton in the first week of July 2017, the first significant retail decline in nearly five months. Most other major fertilizers also eased slightly, with urea at $0.35 per pound of nitrogen.
The drop reflects seasonal side-dressing winding down, and it lowers input costs for corn growers. The move is modest and mainly affects fertilizer prices rather than grain values.
dtnpf.comRuss QuinnJul 12, 2017Not 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.
