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ADM executives told RealAgriculture that fertilizer markets in North America are focused on the US river system. Vessel disruptions from China and across North America could delay product moving to Canadian prairie markets.
A prolonged Chinese export halt could also create shortages in India during the June to September period.
River and vessel disruptions raise barge freight costs and delay product flows, which tightens regional fertilizer supply and lifts delivered prices.
realagriculture.comRealAgriculture News TeamMar 18, 2020Not 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.
