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DTN's retail fertilizer survey for the fourth week of May 2017 found prices extremely steady, with no product significantly changed from a month earlier. Five of eight major fertilizers were slightly lower, including DAP at $436/ton, urea at $343/ton and anhydrous at $503/ton, while MAP, potash and UAN28 were slightly higher.
Flat-to-softer retail nitrogen and phosphate costs ease input expenses for feed grain growers, though the lack of movement signals no sharp shift in farm cost pressure.
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.