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Fertilizer-Price Drop May Signal Relief at Last for U.S. Farmers

Wholesale U.S. prices for fertilizer are dropping, and that could signal easing food-cost pressures and relief for farmers getting set for spring planting.

Cornbelt urea prices fell 8.2% Friday to $675 per short ton, the lowest since October, according to Bloomberg’s Green Markets. Prices have fallen each week this month as the market adjusts to recent reports of full warehouses, signaling the anticipated shortage of the crop nutrient this year may not come to pass.