As farmers hit the fields for planting season, fertilizer prices are starting to track higher. Analysts with DTN found that three of the eight major types saw price jumps over 10 percent.
UAN32 gained 10 percent compared to last month, now at $439 per ton and five percent higher on the year. UAN28 and potash both jumped five percent on the month, and UAN28 is now three percent higher than this time last year.
Despite the recent gains, potash still remains nearly 10 percent off last year’s levels.
Related Stories
WTO gauges point to agricultural raw materials trade growing more slowly than overall goods, reinforcing the need to manage export risk and monitor policy shifts closely.
Kip Eideberg with the Association of Equipment Manufacturers details its campaign spotlighting the people who build equipment vital to farming and food manufacturing.
Improved export prospects and higher crop prices strengthened future expectations despite continued caution about spending.
While the agriculture industry hoped details on proposed “bridge” payments for farmers would be released this week, Ag Secretary Brook Rollins said the USDA is still working with the White House on the finer points.
Federal lawyers submitted a brief this week backing Bayer’s argument that federal laws governing herbicides like Roundup should prevent lawsuits over the popular chemical.
The Environmental Protection Agency confirms that new single-fluorinated pesticides are not PFAS and remain fully compliant with current safety standards.
