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StoneX's Josh Linville says UAN prices are dropping but remain at a large premium to urea, prompting US farmers to consider switching nitrogen sources. Phosphate prices are sliding and fall demand was disappointing, with some applications delayed to spring.
Farmers shifting toward urea and delaying phosphate purchases reduces near-term demand, supporting lower fertilizer prices. Spring pre-pay activity may provide a demand floor.
brownfieldagnews.comLarry LeeDec 28, 2022Not 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.
