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Rabobank's North American Agribusiness Review expects Brazil and the US to have a healthier fertiliser supply than last year. It projects further downward pressure on phosphates and potash, while nitrogen wholesale prices may rise 20-30% by year-end and seed prices may rise double digits into 2023.
Easing phosphate and potash prices lower input costs for Americas growers, while firmer nitrogen prices could raise feed grain production costs.
agfundernews.comJennifer MarstonSep 9, 2022After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% over 20.
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.
