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Rabobank says farmer fertilizer costs are returning to pre-Ukraine war levels while commodity prices fall, squeezing operating margins below the two-year average. The bank expects fertilizer use growth to persist despite these headwinds and geopolitical risks.
Thinner farm margins may lead growers to cut crop area and input spending, which weighs on fertilizer demand and keeps prices under pressure. Lower grain prices also reduce feed input costs for buyers.
agrimarketing.comApr 29, 2024
americanagnetwork.comDigital TeamApr 30, 2024Not enough comparable past events yet for a historical read.
After 42 past bearish report events, UREA moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
After 156 past report events, DAP moved a median 0.0% over 5 sessions (45% higher; middle half -0.6% to +0.9%), and +0.9% 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.
