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Ag retailers surveyed by CropLife expect a moderately good 2020 spring fertilizer season, citing strong corn acres and a good fall application season. The CropLife Buying Intentions Survey shows significant planned increases in 2020 spending across nutrient segments.
Expected strong US fertilizer demand tied to corn acreage supports nutrient prices and signals higher planted corn area ahead.
croplife.comEric SfiligojFeb 26, 2020After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
