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C-MACC publishes a November 2024 equity research note on agricultural inputs, saying the S&P 500 fertilizer and agricultural chemical index has underperformed year to date. The note is cautious on 2024 farm economics but more constructive on 2025 and 2026.
It flags recent pressure on U.S. ethanol margins.
Cautious near-term farm economics can restrain input purchasing, while expected improvement in 2025 could support a later recovery in fertilizer demand.
c-macc.comNov 20, 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.
