3 ms·
We are evaluating the an upstream input cost and possible downstream effects. So, the consequences of high urea prices today will vividly show up sometime in th
by sremani 5y ago
We are evaluating the an upstream input cost and possible downstream effects. So, the consequences of high urea prices today will vividly show up sometime in the latter part of this year.
- deleted 5y ago[deleted]
- elil17 5y agoIf that was true we would have seen a big spike in grain futures around September/October (when this data was published). Grain futures are up but the big spikes were in December, indicating that urea prices are not the cause. According to some articles I’ve read targeted towards farmers [1], they are able to compensate by using less fertilizer-dependent crops. So, we can expect small price hikes and major shifts towards using soybeans in place of corn where possible. [1] example: https://www.agriculture.com/markets/analysis/crops/fertilizer-dilemma-has-farmers-on-edge-analyst-says https://www.agriculture.com/markets/analysis/crops/fertilize...