Friday, December 7, 2018 2:21PM CST
The global nitrogen fertilizer market could be in a deficit in the next two to three years until more capacity can come on the market. A fertilizer analyst for Integer Research Ltd. based in London said plant closures, Chinese policy changes and U.S. sanctions on Iran could limit both existing and new nitrogen supply.
March corn was up 3/4 cents, January soybeans were up 3/4 cents, and March KC wheat was up 3 1/4 cents.
Live and feeder futures seem staged to open mixed thanks to a slow and cautious combination of short-covering and cash monitoring. Lean hog issues should also open with uneven price action as traders puzzle over the ability of late-year pork demand to handle record tonnage.