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Farmers worldwide face sticker shock from fertilizer prices and may cut application rates. North American growers have delayed spring purchases, hoping prices will fall, and availability for the 2022/23 cycle is becoming the main concern.
Reduced fertilizer use can lower future yields and crop output, which supports firmer grain and feed prices over time.
reuters.comEmily ChowDec 9, 2021Not 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.
