
CRU analysis says international fertilizer producers have faced a bear market since 2011, with a 44% real price decline between 2011 and 2016 driven by capacity additions that outpaced demand. Producers are now integrating vertically to protect margins, though price signals suggest the market is starting to turn.
Continued oversupply has kept nitrogen, phosphate and potash prices low, and any turn in the cycle would raise the cost of crop inputs that feed into feed grain pricing.
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.