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Mark Dietsch reports fertiliser prices have risen with corn about $2 and soybeans about $5 higher than a year ago. Nitrogen prices are up about 121% and natural gas 46%.
A US producer has petitioned for countervailing duties on UAN imports from Russia and Trinidad.
Tight nitrogen supply and possible duties on UAN imports could keep fertiliser costs high into fall and spring, raising production costs for US grain and feed ingredients.
farmweeknow.comMARK DIETSCHAug 15, 2021After 480 past neutral trade 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 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.
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.
