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CRU reports from the IFA annual conference in Montreal that ammonia and phosphate prices remained bearish, while potash prices were flat. Urea was the standout, with an Egyptian sale lifting the top of the price range.
Dec-19 corn futures rose about 22% in a month to 463.4 c/bu.
Weak phosphate and ammonia prices point to cheaper inputs for feed-grain growers, while firmer urea and rallying corn support nitrogen demand expectations for 2020.
crugroup.comAuthor Laura CrossJun 27, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
