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North America Fertilizers & Agricultural Chemicals: Company-Specific Dynamics to Outweigh Macro; 2Q26 Ag Chems Preview-20260622
花旗· 2026-06-22 18:06
Vi e w p o i n t | Soybean futures are now trading at pre-conflict levels while corn futures have been pulled down to YTD lows as the market prices in lower crude and conflict resolution. With one key upside risk to commodity prices essentially removed, the focus on the ag market now turns to the potential development of a "super El Nino" later this year and possible extreme weather events. For both CTVA and FMC, 2Q is most likely to be tracking expectations and there could be modest upside to 2H numbers wi ...