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RaboBank analysts expect fertilizer prices to settle and trend lower over the next three months, with the index's moving average falling as prices return toward pre-war levels. Commentary from DTN and StoneX analysts flagged that nitrogen prices remain high and that urea may stay elevated relative to other forms.
Expected declines in fertilizer prices reduce farm input costs, but analysts' mixed view on urea leaves nitrogen direction uncertain for feed grain production costs.
wylr.netJan 6, 2023After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
