CRU: US Crop Tour Reveals Good Fertilizer Prospects for 2018
LONDON, October 19, 2017 /PRNewswire/ --
Despite a short-lived price rally in July 2017, global crop prices remain low, capped by large stock overhang and strong output. However, fertilizer demand has remained strong, with low fertilizer prices offsetting pressure from falling crop values.
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CRU recently attended the 2017 Pro Farmer crop tour through the western US Corn Belt to better gauge prospects for 2017 crop yields and production, and the implications for 2018 fertilizer affordability and demand.
Overview of the crop tour
The 2017 Pro Farmer crop tour took place over August 20-24 with the aim of assessing production and yield potential of corn and soybean crops in the US Midwest, collecting corn samples and soybean pod counts to help determine potential output.
The seven states visited included South Dakota, Nebraska, Iowa, Minnesota, Ohio, Indiana and Illinois, with tour scouts split into two groups covering eastern and western routes. The states sampled account for around 60% and 50% of the US total harvested area of corn and soybeans respectively, highlighting the vital role the Midwest plays in crop production.
Read the full story: http://bit.ly/Fertilizer-prospects-for-2018
Read more about CRU: http://bit.ly/About_CRU
About CRU
CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.
Since our foundation in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China. CRU employs over 250 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia - our office in Beijing opened in 2004.
When facing critical business decisions, you can rely on this first-hand knowledge to give you a complete view on a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.
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