# Fertilizer outlook provided  – Wyoming Livestock Roundup

> 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.

- Date: 2024-01-05 · published 2024-01-05T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/32055-fertilizer-outlook-provided-wyoming-livestock-roundup
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-12-20 | [Brazilian drought slows fertilizer purchases, affecting global suppliers — Fertilizer Daily](https://feedsoft.ai/events/33049-brazilian-drought-slows-fertilizer-purchases-affecting-global-suppliers.md) | +0.8% | +1.8% |
| UREA | 2024-11-07 | [Cutting nitrogen pays off in oats — if it’s drier \| The Western Producer](https://feedsoft.ai/events/10547-cutting-nitrogen-pays-off-in-oats-if-it-s-drier-the-western-producer.md) | +0.2% | +0.6% |
| UREA | 2023-02-14 | [IP Crop Network, February Report - U.S. Identity Preserved Alliance](https://feedsoft.ai/events/13298-ip-crop-network-february-report-u-s-identity-preserved-alliance.md) | +1.2% | -3.1% |
| UREA | 2021-04-14 | [Cold dry spring starts to pressure nitrogen market - Farmers Weekly](https://feedsoft.ai/events/47931-cold-dry-spring-starts-to-pressure-nitrogen-market-farmers-weekly.md) | +1.5% | +0.7% |
| CORN | 2018-06-02 | [Cattle market impacts Zimmerman looks at future for cow/calf producers – Wyoming Livestock Roundup](https://feedsoft.ai/events/64680-cattle-market-impacts-zimmerman-looks-at-future-for-cow-calf-producers-wyoming.md) | -2.0% | -7.4% |
| CORN | 2021-10-22 | [Expect higher feed prices this winter \| Western Livestock Journal](https://feedsoft.ai/events/44689-expect-higher-feed-prices-this-winter-western-livestock-journal.md) | +3.5% | +10.0% |
| CORN | 2019-11-20 | [Livestock farmers advised to fix feed costs as prices rise - Farmers Weekly](https://feedsoft.ai/events/56182-livestock-farmers-advised-to-fix-feed-costs-as-prices-rise-farmers-weekly.md) | -0.2% | +1.6% |
| CORN | 2018-08-29 | [Southern Africa Food and Nutrition Security Working Group: Crop and Livestock Situation Update, Food Security Outlook and Nutrition Update (Bulletin, July - August 2018) \| OCHA](https://feedsoft.ai/events/63454-southern-africa-food-and-nutrition-security-working-group-crop-and-livestock.md) | +2.7% | +4.2% |

## Sources

- wylr.net: https://www.wylr.net/2024/01/05/fertilizer-outlook-provided/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.