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The Fertilizer Affordability Index, published by Mosaic, rose week-over-week from 0.69x to 0.70x, remaining below its 2005 base level and indicating relatively high affordability. The index compares weighted prices of urea, DAP and potash against corn, soybeans and wheat.
Affordability near 0.70x indicates crop prices are strong relative to fertilizer costs, supporting farmer demand for nutrients and feed-grain acreage economics.
marketrealist.comAdam JonesOct 30, 2017After 26 past neutral report events, UREA moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
