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CRU analysis says the big three North American fertilizer producers (Nutrien, CF Industries and Mosaic) were optimistic about 2020 demand after Q2 results. That optimism rests on expected corn price strength and higher planting in 2020.
CRU cautions that Midwest urea prices have been volatile and that flooding disrupted spring logistics.
Expected higher 2020 corn acreage and fertilizer demand supports nitrogen and potash prices into next season. Volatile urea logistics and the August USDA report could shift that outlook.
crugroup.comAuthor Chris LawsonAug 7, 2019Not 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.
