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Michigan State Extension, citing USDA's Illinois Production Cost Report, showed bulk fertilizer prices in December 2016 well below December 2015, with anhydrous ammonia down 28%, potash and UAN down 24%, DAP down 22%, and urea down 17%. Extension educators noted weak grain prices and oversupply across major fertilizers.
Lower input costs help feed producers' margins, but weak crop prices and oversupply signal fertilizer demand will stay sluggish, keeping downward pressure on fertilizer prices near term.
hayandforage.comHay, Forage GrowerJan 10, 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.
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.
