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StoneX's Josh Linville says farmers are delaying fertilizer purchases and phosphate prices are insanely high relative to grain prices. He expects the phosphate-to-grain price ratio to set an all-time high in January or February and sees little chance of downside before spring.
Record-high phosphate-to-corn price ratios mean feed and grain margins remain squeezed, and buyers should expect no meaningful phosphate relief before spring 2025.
agweb.comDec 30, 2024Not 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.
