Fertilizer prices are trending higher again
High fertilizer prices are back as Europe battles natural gas shortages.
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.