# IP Crop Network, February Report - U.S. Identity Preserved Alliance

> Illinois soil moisture was adequate after a wet winter, and the winter wheat crop had recovered well despite dry planting. Crop insurance premiums were expected to fall $3-6 per acre because implied volatility was low. Fertilizer prices were continuing to trend lower.

- Date: 2023-02-14 · published 2023-02-14T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/13298-ip-crop-network-february-report-u-s-identity-preserved-alliance
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Falling fertilizer prices lower input costs for growers and point to softer nitrogen demand pricing, while lower insurance premiums and low volatility signal a calm market outlook.

## Read by commodity

- UREA: bearish ▼
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-04-14 | [Cold dry spring starts to pressure nitrogen market - Farmers Weekly](https://feedsoft.ai/events/47931-cold-dry-spring-starts-to-pressure-nitrogen-market-farmers-weekly.md) | +1.5% | +0.7% |
| UREA | 2024-01-05 | [Fertilizer outlook provided  – Wyoming Livestock Roundup](https://feedsoft.ai/events/32055-fertilizer-outlook-provided-wyoming-livestock-roundup.md) | +1.6% | +13.0% |
| UREA | 2024-11-07 | [Cutting nitrogen pays off in oats — if it’s drier \| The Western Producer](https://feedsoft.ai/events/10547-cutting-nitrogen-pays-off-in-oats-if-it-s-drier-the-western-producer.md) | +0.2% | +0.6% |
| UREA | 2023-12-20 | [Brazilian drought slows fertilizer purchases, affecting global suppliers — Fertilizer Daily](https://feedsoft.ai/events/33049-brazilian-drought-slows-fertilizer-purchases-affecting-global-suppliers.md) | +0.8% | +1.8% |
| KWHEAT | 2021-08-05 | [Checking the 2021/22 Global Wheat Crop Ahead of August WASDE Report](https://feedsoft.ai/events/45510-checking-the-2021-22-global-wheat-crop-ahead-of-august-wasde-report.md) | +2.3% | +0.1% |
| KWHEAT | 2024-03-06 | [Setting the Stage for the 2024/25 World Wheat Crop - U.S. Wheat Associates](https://feedsoft.ai/events/31124-setting-the-stage-for-the-2024-25-world-wheat-crop-u-s-wheat-associates.md) | +5.4% | -1.9% |
| KWHEAT | 2019-01-02 | [U.S. grains: Soy up on crop stress in Brazil, hopes for China talks - AgCanada](https://feedsoft.ai/events/61132-u-s-grains-soy-up-on-crop-stress-in-brazil-hopes-for-china-talks-agcanada.md) | +3.3% | +2.8% |
| KWHEAT | 2024-05-20 | [Kansas Wheat Tour Shows Crop Set to Rescue Market Plagued by Russia Shortfall - Bloomberg](https://feedsoft.ai/events/4591-kansas-wheat-tour-shows-crop-set-to-rescue-market-plagued-by-russia-shortfall.md) | +9.0% | -8.5% |

## Sources

- soyagrainsalliance.org: https://soyagrainsalliance.org/2023/02/13/ip-crop-network-february/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.