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Two major nitrogen fertilizer manufacturers say wholesale nitrogen prices, which have risen since summer 2016, will stay firm through the first half of 2017 and then slump. The article frames the rally as temporary.
Firm fertilizer costs in early 2017 raise input costs for grain and feed producers, but the expected slump later in the year points to easing pressure on crop production costs.
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.