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A slow fall harvest and inclement weather delayed Midwest fall fertilizer applications, pushing more demand into a tighter spring window. Urea and phosphate prices weakened slightly while potash rose on tighter supplies.
Crop-protection products face China tariffs, with a truce set to expire on 15 March 2019.
Expected spring fertilizer demand and possible tariff escalation on US imports could lift input costs for US corn and soybean growers, with uncertainty about trade tilting outlook.
agproud.comDave NatzkeJan 11, 2019Not enough comparable past events yet for a historical read.
After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
