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StoneX's Josh Linville says fertilizer is cheap relative to grain, with the urea-to-canola ratio at 0.4 tonnes as of March 3, near its best level since 2000. The NOLA urea barge price was $300 per tonne in late February, down from $925 a year earlier.
Favorable fertilizer-to-grain price ratios encourage higher application and planting, which supports future crop output and grain supply.
producer.comSean PrattMar 16, 2023Not 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.
