Loading…
The Mosaic Fertilizer Affordability Index rose to 0.72 for the week ending December 15, up from 0.66 a year earlier, while remaining below its 2005 base of 1.00. Higher fertilizer prices relative to crop prices are tightening farmer budgets.
Tighter affordability can lead farmers to cut fertilizer rates, which may trim future crop yields and affect grain supply. The index is a gauge of cost pressure rather than a direct price driver.
marketrealist.comAdam JonesJan 8, 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.
