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Yara says fertilizer prices are rising across nitrogen, phosphate and potassium products. It attributes the increases to higher gas and sulphuric and phosphoric acid costs, container shortages and a long-running raw material shortage.
It also cites high grain prices, a late cold spring in Western Europe, and drought in North America.
Rising gas costs and tight raw materials are lifting nitrogen, phosphate and potash prices, which raises feed-grain production costs and keeps buyers' input costs elevated into the new season.
hortidaily.comOct 22, 2021After 151 past bullish macro events, CORN moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
After 92 past bullish macro events, UREA moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.
After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), 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.
