
Liquid ammonia prices in the U.S. Midwest rose nearly 46% since late June, from about $600 to $875 per short ton. The increase reflects lower imports from Trinidad and Tobago, which fell about 34% year-on-year, and Nutrien's indefinite shutdown of its Trinidad nitrogen plant in October.
Autumn fertilization demand is also adding pressure.
Higher nitrogen fertilizer costs raise corn production expenses and may reduce planted area or yield inputs, supporting corn prices over time. Feed buyers should expect firmer corn-based feed costs if the tightness persists.
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.