Farmers making final planting decisions face a tale of two fertilizer markets, and for most, prices remain stuck in "the worst of times."
Huge disconnects remain between inventories, wholesale prices and the costs farmers actually face at the farmgate level as planting rapidly approaches.
Consider the disparity in the ammonia market. According to the latest survey of prices in Illinois, the average anhydrous cost in the latest two-week period was $708 a ton, in a range between $615 and $875. That was down $7 from the previous survey, according to USDA. But the average price remains at least $200 above where it should be, based on historical trends, according to Farm Futures forecasting models.
Check out the complete Weekly Fertilizer Report.
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