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Brazilian fertilizer costs have doubled since January, with potassium chloride up about 40% from June to July. Analysts attribute the jump to EU sanctions on Belarus potash and Chinese government pressure to halt fertilizer exports.
Higher fertilizer costs for Brazilian soybean and corn growers can reduce planting input use and tighten the outlook for future feed grain and meal supply.
farmprogress.comJulio BravoOct 11, 2021Not enough comparable past events yet for a historical read.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
