Fertilizer Markets and Finance

On this blog I make posts about what's new in the fertilizer industry and how it's markets are affected by geopolitical developments, environmental changes and monetary policies. This blog also focuses on developments in major fertilizer companies such as Potash Corp, Mosaic, Agrium, Uralkali and BPC. Thanks for viewing.

Jonathan Mohan


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Posts tagged "snow"

#Ukraine is going through its coldest #winter in five years. The neighboring Poland has also been hit by heavy snow and a drop in temperatures across much of central and eastern Europe. An unusually severe cold spell has already taken at least 30 lives in Ukraine. Most of those who died of hypothermia were found frozen on the streets. In just four days nearly 700 people sought medical help for frostbites. Temperature plunged to 25 degrees Celsius below zero. The weather conditions strained the national grid, with breakdowns reported in 670 towns. 

Press TV’s Oleksandra Molotkova reports from Kiev.

Extreme cold and heavy snow fall have paralyzed much of southeastern Europe and Russia. 
 
Several countries have called in the army to help distribute food and set up heating shelters.  

Al Jazeera’s Catherine Stancl reports.

Wheat rose today to a monthly high on concerns that cold weather in Europe will hurt output. Temperatures in Ukraine may fall below 15 degree Fahrenheit, threatening crops, especially those not covered with snow. At the same time, Russia is considering a tax on exports.

Additionally, wheat was rising with other commodities on speculation that Greece is making progress in debt-reductiondiscussions. The European leaders agreed about sanctions on countries with high budget deficit.

Wheat price climbed from $6.4475 to $6.6625 per bushel as of 21:24 GMT today on CBoT after reaching $6.6750 — the highest since January 3.

wheat, snow