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Global urea prices rose in the second half of December 2024 as planting-season demand, supply constraints from weather disruptions and production delays, and restocking activity pushed prices higher. European urea prices surged even as ammonia prices fell, and concerns over electricity costs during the 'Dunkelflaute' weather phenomenon added to upward pressure.
Tighter urea supply and higher production-cost expectations support fertilizer prices, raising input costs for feed grain growers and potentially squeezing corn margins.
chemanalyst.comMotoki SasakiJan 6, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
