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Purdue economist David Widmar says fertilizer prices have risen from the lows of last fall, with Illinois USDA data showing anhydrous ammonia up 8% and urea up 19%. Prices are still lower than in 2016.
He advises producers to compare nutrient costs and consider switching sources.
Urea's rebound from low levels raises input costs for corn and other feed grain growers ahead of planting. Producers may shift toward cheaper nitrogen sources, which can change demand across products.
brownfieldagnews.comMeghan GrebnerMar 17, 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.
