Fertilizer costs have risen as much as 40% this year, with the Pacific Northwest hit harder because it has little local fertilizer production. DTN's latest survey shows seven of eight major fertilizers rose last month, with UAN28 up 6% to $447 per ton.
Anhydrous ammonia averaged $987 per ton and potash $506 per ton, and all eight remain more expensive than a year ago.
Import-dependent regions face longer lead times and more price risk on purchases, which keeps fertilizer costs high for feed-grain producers. Tight nitrogen and potash supply supports higher prices for urea and potash.
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.