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A Rabobank report finds fertilizer affordability is improving after two turbulent years of record-high prices in 2022. Consumption may recover rapidly in some regions in 2023, though global demand may take two to three years to fully return to pre-pandemic levels.
Improving affordability and a demand recovery could support fertilizer volumes and firm up input markets, which tends to lift the cost base for crop producers.
feedstuffs.comMay 26, 2023
floraldaily.comMay 25, 2023
hortidaily.comMay 26, 2023After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
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.
