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USA | Would agree with Priority on N vs corn price.
N is better buy now Vs the price of corn when corn was $6 . Corn price has declined about 35% and N about 40% from when corn was $6.
If want to compare from last spring N has dropped about 33% and corn price is about 6% less. Folks wanting to cut back on N is a head scratcher since N is a better value now vs price of corn.
Using last springs Feb ins ave price and 160 bu corn, took about 15 bu of corn to pay for N cost.
Using current Dec 16 corn price takes about 10.75 bu of corn to pay for the N cost
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