Loading…
Farm Futures analyst Jacqueline Holland expects fertilizer prices to keep easing through the first half of 2024 as Brazilian growers delay purchases amid dry weather. Mosaic forecasts Brazil's safrinha corn harvest will fall 12 percent, and Yara reports Brazilian farmers had bought only 60 percent of estimated needs by early December.
Brazilian buying delays reduce near-term fertilizer demand and support lower fertilizer prices, while a smaller safrinha corn crop would tighten Brazilian corn supply and lift corn prices.
wylr.netJan 5, 2024After 37 past weather events, Urea moved a median +1.4% over 5 sessions (73% higher; middle half -0.1% to +1.6%), and +5.6% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), 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.
