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Fertilizer prices have fallen significantly from last year's highs, but buyers are waiting for further declines. StoneX's Josh Linville traces the past tightness to the 2020 Midwest derecho, the 2021 Texas gas shortage, Hurricane Ida, and Russia's invasion of Ukraine.
Market power is shifting toward buyers as inventories rebuild, which pushes fertilizer prices lower into spring. Lower input costs improve feed-grain margins, though buyers' reluctance to commit may keep prices volatile.
manitobacooperator.caDon NormanFeb 24, 2023Not enough comparable past events yet for a historical read.
Not 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.
