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Rabobank says global fertilizer prices have climbed off ten-year lows in the second half of 2020, driven by strong demand in Brazil and India. It expects urea and phosphate to stay supported until early 2Q21, after which heavy supply is likely to weigh on prices.
Near-term firmness in urea and phosphate raises feed-grain production costs through the northern hemisphere season, though expected supply growth caps the upside into 2021.
worldfertilizer.comPippa LuckDec 10, 2020After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% 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.
