A potential rail strike would deal a blow to fertilizer shipments, which rely heavily on rail service for transport.
Prices are now trending upwards again after weeks of coming down. The DTN fertilizer outlook shows August prices saw gains across the board as Europe battles a natural gas crisis. Analysts believe that could cause ammonia prices to soar even higher.
Urea is roughly $100 more per ton than what we saw in July, and analysts believe another increase could come later this month.
Related:
Input Worries: What Rep. Feenstra sees as a way to address fertilizer price increases
Fertilizer prices have fallen for the fifth straight week
All major fertilizers are less expensive for the fourth straight week
