# La Niña and Fertilizer Crisis Still Concerning for Grains | CZ app

> Nixal reports the January WASDE raised US corn ending stocks by 47m bu and lowered global corn stocks by 2.5m tonnes. Brazil's Agroconsult and Conab both cut first-crop corn production forecasts on dry weather. Corn and wheat fell in all regions after the report.

- Date: 2022-01-18 · published 2022-01-18T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/43038-la-nina-and-fertilizer-crisis-still-concerning-for-grains-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Brazilian output tightens export supply, but higher US stocks cap prices, so feed grain costs are mixed. The net effect is limited upside unless South American losses deepen.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | +1.8% | +4.0% |
| CORN | 2023-06-16 | [Global fertilizer market remains unstable \| World Grain](https://feedsoft.ai/events/35419-global-fertilizer-market-remains-unstable-world-grain.md) | +2.2% | -5.1% |
| CORN | 2018-02-05 | [The Nitrogen-Based Fertilizer Outlook for 2018 - CropLife](https://feedsoft.ai/events/66806-the-nitrogen-based-fertilizer-outlook-for-2018-croplife.md) | +0.1% | +2.6% |
| CORN | 2021-12-16 | [The Grains Rally Finally Relents \| CZ app](https://feedsoft.ai/events/8016-the-grains-rally-finally-relents-cz-app.md) | -2.7% | +0.4% |
| CORN | 2025-02-26 | [CF Industries and Nutrien Q4 market outlooks - Genesis Fertilizers](https://feedsoft.ai/events/26368-cf-industries-and-nutrien-q4-market-outlooks-genesis-fertilizers.md) | -6.0% | -0.4% |
| WHEAT | 2017-12-06 | [Canada feeds larger Canola and grain crops than](https://feedsoft.ai/events/67575-canada-feeds-larger-canola-and-grain-crops-than.md) | -4.5% | -1.8% |
| WHEAT | 2021-12-16 | [The Grains Rally Finally Relents \| CZ app](https://feedsoft.ai/events/8016-the-grains-rally-finally-relents-cz-app.md) | +5.2% | +7.8% |
| WHEAT | 2020-08-12 | [Call for industry planning ahead of bumper crop: ANZ - Grain Central](https://feedsoft.ai/events/51556-call-for-industry-planning-ahead-of-bumper-crop-anz-grain-central.md) | +0.4% | +11.3% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/la-nina-and-fertilizer-crisis-still-concerning-for-grains/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.