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A University of Idaho review finds fertilizer costs rose sharply in 2020-22 and have eased toward pre-pandemic levels in 2023. The U.S. imports 12% of its nitrogen, 9% of its phosphate and 93% of its potash.
The article looks ahead to 2024 fertilizer conditions.
Lower fertilizer costs in 2023 improve grain producer margins, but reliance on imported potash and phosphate leaves the outlook exposed to global supply shifts.
agproud.comXiaoli EtienneNov 6, 2023After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
