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CRU's fertilizer analyst said prices have stayed firmer than expected over the past six months across most nutrients. Potash at the Brazilian spot market is around $330/t, up about $50/t since the start of the year, and China has not yet signed its annual potash contract.
Potash and urea are expected to keep rising over the next six months as capacity additions lag and Brazilian demand holds up. Higher fertilizer costs squeeze grain and oilseed margins, which can limit planted area.
farmtario.comAshley RobinsonSep 10, 2018Not 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.
