
Iowa Farm Bureau analysts say the ratio of Iowa anhydrous ammonia prices to US natural gas prices has fallen from over 100:1 in 2013 to about 45:1 in 2017, which is closer to the 1990s and early 2000s norm. Anhydrous averaged $367 per ton as of October 2017, versus nearly $900 in 2013, and natural gas is near $8 per thousand cubic feet.
Nitrogen costs are increasingly tied to natural gas, so gas price moves feed into fertilizer costs for corn growers. The narrower ratio suggests fertilizer is no longer unusually expensive relative to gas and corn.
在过去 37 次中性的宏观事件之后,天然气 在 5 个交易日内中位数变动 -0.1%(49% 上涨;中间一半区间为 -4.2% 至 +12.9%),20 个交易日内为 -1.1%。
在过去 10 次中性的宏观事件之后,尿素 在 5 个交易日内中位数变动 -0.3%(40% 上涨;中间一半区间为 -0.7% 至 +2.5%),20 个交易日内为 -3.9%。
在过去 78 次中性的宏观事件之后,玉米 在 5 个交易日内中位数变动 +0.3%(55% 上涨;中间一半区间为 -1.1% 至 +1.6%),20 个交易日内为 -0.6%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。