
Fertilizer costs continue to pressure Paraná's summer crop, squeezing producer margins and raising the risk of reduced investment in technology, according to Deral. Cepea/Esalq and Central Bank data also point to expensive inputs and selective credit.
Higher phosphate and potash costs raise production costs for soybean and corn growers in Brazil, which can cut planted area or yields and support feed grain and meal prices over the coming season.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.