Brazil's drought is causing farmers there to delay fertilizer purchases for their upcoming corn-planting season, denting sales for global fertilizer suppliers in the world's top corn-exporting country, executives told Reuters.
Fertilizer companies are already dealing with lower profits as prices sag
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts
Mild Prairie weather contributing to lower feed demand
Corn and wheat futures also traded lower
Wheat and corn futures advance
Wheat futures plummeted; corn pressured by spillover weakness
Corn traders were on the other side of the market
U.S. government reported sales of 1,120,000 tons of soft red wheat to China this week