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 down 1 1/4 cents, January soybeans were down 6 1/4 cents, and March KC wheat was down 2 1/2 cents.
Live and feeder contracts should initially open higher, supported by late-week packer spending and stronger wholesale product sales. On the other hand, lean hog issues are likely to start out with mixed price action with deferreds probably outperforming spot December.