Brazilian drought slows fertilizer purchases, affecting global suppliers

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.

• Dec 18, 2023Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans | Reuters-1.5%
• May 13, 2021Drought impacting most Brazilian corn farms-7.7%
• Jan 4, 2024Global fertilizer supply chain hits another snag | The Western Producer-1.1%
• Sep 21, 2021Brazilian farmers begin seeding soybeans amid historic drought+1.8%
• May 31, 2022Drought devastates Brazilian crop-0.8%

After 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.

• Jan 5, 2024Fertilizer outlook provided  – Wyoming Livestock Roundup+1.6%
• Apr 14, 2021Cold dry spring starts to pressure nitrogen market - Farmers Weekly+1.5%
• Nov 7, 2024Cutting nitrogen pays off in oats — if it’s drier | The Western Producer+0.2%
• Feb 14, 2023IP Crop Network, February Report - U.S. Identity Preserved Alliance+1.2%