Nutrien Financial and Strategic Update
Most crop futures prices remain above their 10-year averages
and provide incentive for growers to maximize production
Corn Avg. Realized Price
US$/bushel
$6.89
Soybean Avg. Realized Price
US$/bushel
$14.40
$6.60
$6.00
$4.46
$4.53
$4.68
$3.70 $3.61 $3.36 $3.36 $3.61 $3.56
$14.20
$13.00
$13.30
$13.27
$10.80
$10.10
$8.95 $9.47 $9.33
$8.48 $8.57
12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23E 2023
12/13 13/14 14/15 15/16 16/17 17/18
18/19 19/20 20/21 21/22 22/23E 2023
Futures
Futures
Wheat Avg. Realized Price
US$/bushel
$8.85
$7.77
$7.63
$6.87
$5.99
$4.89
$5.16
$4.72
$5.05
$4.58
$3.89
Canola Avg. Realized Price
CAD/bushel
$5.80
$14.74
$11.41 $11.09 $11.54 $12.00 $12.22 $11.27 $10.97
$12.25
12/13 13/14 14/15 15/16
16/17
17/18 18/19 19/20 20/21 21/22 22/23E 2023
Futures
$24.38
$19.05
$17.24
12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23E 2023
Futures
...
Note: 22/23E are estimated prices from USDA & Stat Canada, 2023 futures prices reference December 2023 Corn, November 2023 Soybean, December 2023 Wheat, and November 2023 Canola, as of November 9, 2023.
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Source: USDA, BloombergView entire presentation