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Fertilizer and agrochemical prices, which fell sharply from 2022 peaks, may be nearing a bottom according to Canadian industry officials. Retail glyphosate prices have dropped to $6.50-7 per litre from $12 a year earlier, and wholesale and retail inventories in Canada are described as thin.
Thin channel inventories and expected fall buying could firm input prices after a steep decline. The effect on feed-grain margins is modest, but it points to a possible turn in input costs.
producer.comSean PrattJul 28, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
