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CNA reports that fertilizer conditions for Brazilian farmers have improved in the fourth quarter, with exchange ratios recovering. It expects phosphate and nitrogen fertilizer prices to fall in the medium term, while soybean growers' input costs are largely set.
Lower expected urea and phosphate prices improve the margins of Brazilian corn and soy growers and could ease future feed-grain production costs. The effect on feed prices is gradual because the decline is only expected over the medium term.
cnabrasil.org.brNov 12, 2026Not 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.
