
Argus data show global fertilizer affordability recovered slightly to 0.72 in October from a more than three-year low in August. The fertilizer index eased on falling urea, phosphate and potash prices, while the crop index resumed its decline.
Lower urea and phosphate prices help feed buyers' input costs, but crop prices near 2019 lows weaken the grain side of the affordability balance, which can limit farmer demand for inputs.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.