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A Wall Street Journal piece notes US nitrogen fertiliser output rose about 10% last year on new plants in states from Iowa to Louisiana, while another segment (likely phosphate) fell 7% in 2016 with exports down more than a third. The excerpt is truncated.
Rising US nitrogen capacity can ease import dependence and eventually cap prices, while lower phosphate output supports phosphate price firmness.
wsj.comLucy Craymer in Hong Kong and Rhiannon Hoyle in SydneyFeb 12, 2017After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), 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.
