NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Tue Feb 2, 2016 11:23 AM CST

Next to cash rents, fertilizer is the biggest item in corn budgets.Nitrogen alone accounts for about 80% of the fertilizer dollarsat Silent Shade Planting Co., a diversifiedMississippi Delta crop operation. So when wholesale urea prices briefly hit bottom last week in New Orleans-Louisiana (NOLA) wholesale markets, farmer Willard Jack of Belzoni, Mississippi, took notice.

NOLA urea barges that had traded $202-$205/ton early in January fell to the $179-$180/ton level last week before bouncing back the same day, DTN Fertilizer Columnist Ken Johnson reported in his February DTN wholesale fertilizer report. Both he and Jack believe urea's fireworks are over for ...

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