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Genesis Fertilizers says fertilizer price risk in Western Canada is skewed upward. It cites India's need to retender for urea, expected limited Chinese exports, low Mississippi River levels restricting barge movement, and high global ammonia prices.
It also notes a Transport Canada review of the Bunge-Viterra merger.
Barge constraints on the Mississippi raise delivered input and grain logistics costs, while limited Chinese urea and high ammonia support Canadian fertilizer prices.
genesisfertilizers.comCaitlinOct 4, 2023Not enough comparable past events yet for a historical read.
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.
