
Retail fertilizer prices remain more than double their late-2019 levels, with anhydrous ammonia at $987 per ton and DAP at $939 per ton in late October, according to DTN. Fertilizer companies face private antitrust lawsuits and federal scrutiny, while other farm inputs such as machinery and seed have also risen.
Persistently high fertilizer costs squeeze farm margins and can reduce application rates, which affects future crop output and feed grain supply. Legal scrutiny adds uncertainty but is unlikely to bring prices down quickly.
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.