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Fertilizer and fuel costs remain near decade-plus lows, but nutrient prices on a typical corn acre are up 7% from COVID-19 lows as growers ramp up fall applications. Urea, potash and phosphate prices are all higher, with India's new urea tender and Chinese export policy key to urea.
Rising urea, potash and phosphate costs raise input expenses for 2021 feed grain production and could squeeze farm margins. Demand from India and China will set near-term nitrogen price direction.
farmprogress.comBryce Knorr24 Nov 2020Setelah 176 peristiwa perdagangan bullish sebelumnya, Urea bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -1,3% sampai +2,4%), dan +1,6% selama 20 sesi.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 193 peristiwa perdagangan bullish sebelumnya, DAP bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -0,3% sampai +1,8%), dan +1,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Reports of rising phosphate prices (DAP) alongside urea and potash as growers ramp up fall applications points to firmer demand, which could partly support a DAP price jump, though the 7% rise is described as cumulative from COVID lows and not a one-day shock.
