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Vinachem reports fertilizer prices at record highs, with raw material prices up about 30% year to date and NOLA urea at a 34-year high of $880 per ton. Supply is hit by reduced Russian and Belarusian output, a China export ban and a Canadian rail strike.
Record fertilizer costs raise farmers' input expenses and can cut planted acreage or nutrient application, supporting grain prices; the Canadian rail strike also disrupts potash logistics.
vinachem.com.vnApr 22, 2022After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
