Why are fertilizer prices dropping?
Poor planting weather this season has actually led to a drop in fertilizer prices as demand has gone down.
Looking at the domestic market, some ammonia prices were down in May, marking the first decline in a long while.
Urea was down again last month on top of its April decline. Prices are expected to remain lower as ammonia and UAN become more competitive.
When it comes to potash, prices will remain stable or lower. Experts predict producers will not purchase much until after the season ends.