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A Rabo Research report says the North American Fertilizer Index has risen about 15% since April and 120% over the past year, reaching its highest level for farmers in almost a decade. A US ITC investigation into anti-dumping and countervailing duties on UAN solutions from Russia and Trinidad and Tobago could push 2022 nitrogen prices higher.
Tight potash, nitrogen and phosphate supplies and possible UAN duties point to higher fall fertilizer costs for farmers, with Rabo expecting a further 20% rise in inland potash markets before harvest ends.
michiganfarmnews.comDennis Rudat, Farm News MediaJul 27, 2021After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
Not enough comparable past events yet for a historical read.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
