Loading…
River locks on the main U.S. grain and fertilizer artery have been shut for weeks because of high water, stalling barge shipments of fertilizer. Corn farmers are at risk of not receiving crucial nutrients before spring planting.
Delayed fertilizer deliveries can push some planting later or shift acreage, and the higher input costs and tighter nutrient supply support fertilizer prices.
reuters.comKarl PlumeApr 25, 2019After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
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.
