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The executive order allows duty-free Moroccan phosphate imports for up to eight months, following years of farmer pressure and research showing $6.9B in added costs since 2021 from higher fertilizer prices.
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Weather outlook puts grain futures under pressure a day ahead of key USDA data...
USDA updated acreage, quarterly grain stocks reports loom
Fertilizer price swings from the Iran conflict and wet Corn Belt weather have traders on edge ahead of Tuesday’s 11 a.m. CT release. Grain stocks also in focus, with corn inventories expected to be highest since 1988.
Wheat faced heavy selling overnight, giving up all of yesterday’s gain.