CRU reviewed Q2 results from Nutrien, CF Industries and Mosaic, which all signaled optimism for North American fertilizer demand in 2020. The outlook is based on positive corn price expectations and expected planting increases next year.
The analysis also flags that US urea and potash prices have been volatile and that flooding disrupted logistics this spring.
Expected higher corn plantings in 2020 would lift nitrogen and phosphate demand in North America. The optimism supports the fertilizer price outlook, but its realization depends on corn prices and weather.
Setelah 1.040 peristiwa laporan bullish sebelumnya, Jagung bergerak median +0,5% selama 5 sesi (62% lebih tinggi; separuh tengah -0,9% sampai +2,0%), dan +0,8% selama 20 sesi.
Setelah 76 peristiwa laporan bullish sebelumnya, Urea bergerak median 0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -2,2% sampai +2,9%), dan -0,3% 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.