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Rabobank's semi-annual outlook expects global nitrogen, phosphate and potash prices to stay low through the second half of 2020, near ten-year lows. Lower natural gas and coal costs and weak demand are cited as drivers.
Cheap fertilizer inputs keep farm input costs low for feed grain production, but weak demand and low commodity price outlooks limit upside for fertilizer prices over the next six months.
realagriculture.comKara OosterhuisJul 3, 2020Not enough comparable past events yet for a historical read.
After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
