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NOLA granular urea prices continued to surge in the week reported by Green Markets. The rise was the latest in a run of gains at the US Gulf market.
Higher NOLA urea prices raise the cost of nitrogen for US corn growers and can push up the cost of corn-based feed inputs. The trend points to firmer nitrogen prices in the near term.
fertilizerpricing.comSteve SeayJan 7, 2021Not 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.
NOLA granular urea prices were surging in the week around the move, so strong US Gulf spot demand plausibly drove the 1-day jump, though the report is dated two days after the move and likely reflects the same trend.
