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Pro Farmer's October 11 policy update covers Hurricane Milton's damage in Florida, with losses estimated at $60 to $180 billion and several ports closed. It also reports on the expired 2018 farm bill and its effects under a continuing resolution.
Florida port closures disrupt fertilizer and agricultural export logistics, while farm bill expiration reduces support programs, which can weigh on sentiment.
profarmer.comJim WiesemeyerOct 11, 2024After 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.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
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.
