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DTN's retail fertilizer survey for the third week of August 2020 showed mixed moves, with six products lower and none down 5% or more. DAP rose $20 to $427 per ton and MAP rose $6 to $434 per ton, while potash and urea edged lower.
DAP strength against softer nitrogen and potash prices points to higher phosphate input costs for feed grain and oilseed producers. The price moves were small, so the overall fertilizer cost outlook is little changed.
vinachem.com.vnAug 28, 2020Not 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.
DTN's retail survey for the third week of August 2020 shows DAP up $20 to $427/ton, which directly reflects the price strength and is consistent with the move, though as a retail survey it is partly a lagging confirmation rather than a driver.
