Market Analysis Shows Crop Fertilizer Prices May Have Topped

The widely documented spike in crop fertilizer prices in recent weeks looks to be topping, with some of the variables driving the increase in prices for things like anhydrous ammonia finally starting to settle down. Anhydrous was recently at its highest price in eight years, and though they’re likely to stay at high levels, those prices will likely start to decline as farmers get this year’s corn crop planted. The recent blockage of the Suez Canal has contributed to the price volatility but tight global fertilizer logistics look to be easing as more normal trading resumes. The world petroleum market and growing anxiety in the marketplace about potential inflation will contribute to high fertilizer prices in the short term, but many sectors appear to have topped out and could head lower moving into summer. See more analysis.