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US Agriculture Secretary Brook Rollins said she is exploring options to keep fertilizer costs down ahead of spring planting. She said an announcement on solutions is close but gave no specific measures.
Urea at New Orleans rose from $585/st on 6 March to $645/st, and about 25pc of US growers had not yet booked fertilizer.
Possible government intervention could cap or offset nitrogen price gains, but unbooked demand keeps spring urea buying exposed to further price increases. Corn and soybean planting mix decisions depend on the outcome.
argusmedia.comCalder Jett, Sneha Kumar25 mar 2024Tras 129 eventos alcista de política pasados, Urea se movió una mediana de -0,1 % en 5 sesiones (47% al alza; mitad central entre -1,3 % y +2,3 %), y +1,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
