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An overview describes China's comprehensive transformation of its fertilizer sector. China produces about 21% of world maize and is a major producer of rice and wheat.
Domestic output balances most consumption but China still imports large soybean volumes.
Structural reforms in China's fertilizer sector shape long-run export availability and domestic demand for feed grains. The piece has no immediate price signal for feed markets.
worldfertilizer.comRobyn WainwrightNov 2, 2018worldfertilizer.comRobyn WainwrightNov 2, 2018Not enough comparable past events yet for a historical read.
After 199 past policy events, Urea moved a median -0.5% over 5 sessions (43% higher; middle half -2.0% to +1.9%), and -0.5% over 20.
After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), and +1.9% 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.
