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Fitch Ratings raised its 2024 price assumptions for Middle East FOB ammonia and urea, and for Moroccan phosphate rock. The revisions were confirmed in a statement on Thursday.
Higher benchmark assumptions for nitrogen and phosphate inputs signal firmer fertilizer costs, which feed into feed-grain production costs and can support corn and soybean price expectations over time.
qcintel.comDec 6, 2024Not 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.
