Daily Memo: Record-Breaking Fertilizer Prices, Competition in South Asia

The U.S. and China are stepping up efforts to work with India and Pakistan, respectively.

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Nowhere to go but up. Fertilizer prices have broken new records, climbing above levels reached in 2008 thanks to reduced supplies from Russia and Belarus, supply chain disruptions and a Chinese export ban. Elsewhere, crop futures continue to rally: Soybeans climbed above $17 per bushel, driven higher by disappointing South American production, while Chicago wheat […]

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