Domestic wholesale prices for most fertilizers are expected to be lower in the short term due to seasonally slow demand and, in some cases, a larger-than-expected inventory carryover resulting from a poor fall application season.
What DTN Is Watching
Like every other day the past couple months, Friday's markets will be watching closely for any new trade developments. The only official reports on the docket are November retail sales at 7:30 a.m. CST and November industrial production at 8:15 a.m. Any remaining December grain or lean hog contracts officially stop trading around noon CST.Weather
Rain will cover the southeastern Plains, southeastern U.S. and portions of the eastern Midwest Friday, with flood potential in many areas. Dry conditions will be in place elsewhere.