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Iowa farm groups and the Soy Transportation Coalition highlighted that river transport is a key low-cost route for bringing fertilizer and other inputs to farms. They noted input prices are rising, with shipping costs contributing to the increase ahead of the 2022 season.
Higher river freight adds to delivered fertilizer costs, supporting nitrogen and phosphate prices for the coming planting season.
iasoybeans.comIowa Soybean AssociationNov 2, 2021After 49 past bullish logistics events, UREA moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% 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.
