farmdoc DAILY - Fertilizer Prices Continue Year-Long Decline from 2022 Peak
After peaking at historic highs in the second quarter of 2022, prices for major fertilizer products have trended consistently downward over the past year. Supply and demand fundamentals, as well as some resolution of the ongoing impacts and uncertainties associated with the Russia-Ukraine conflict, have been contributing factors. With market expectations pointing towards lower commodity prices for 2024, and higher natural gas prices over the next 6 months, pricing at least a portion of 2024 fertilizer needs may warrant some consideration at this time. If you would like to read the full story, click here.