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MAP prices in Brazil rose to $424 per metric ton from $421 week over week and were up 16% year over year. NOLA MAP prices were flat week over week at $381 per metric ton, up about 23% year over year.
Higher phosphate fertilizer prices raise input costs for crop producers, supporting grain and oilseed price floors over time. Brazil's weak currency makes exports more favorable for growers, which keeps demand firm.
marketrealist.comAdam JonesMay 9, 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.
