WEEKLY FERTILIZER REVIEW: Prices Ease A Little; Terra Rejects CF Bid
Dealers still stuck trying to sell high-priced inventory bought last fall.
Bryce Knorr
Published: Mar 6, 2009
Farmgate fertilizer prices are continuing to ease a little, as farmers remain stubborn about buying high-priced inventory. But while the nutrient market is mostly quiet, the action from corporate boardrooms is anything but, thanks to ongoing takeover battles.
In its bi-weekly survey of Illinois prices, USDA reported fertilizer costs were down across the board. Still, prices remained well above values suggested by international markets, because dealers are stuck trying to sell high-priced inventory bought last fall at all-time highs.
Anhydrous, for example, was quoted down almost $23 a ton, according to USDA, with the average price $715, in a range from $615 to $875. However, international prices suggest a true farmgate price is more like $475 to $500, based on Farm Futures model of historical relationships.
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Tagged: fertilizer, usda, farm, farm futures, farmfutures
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