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Urea futures fell to around $400/t, more than 40% below the April peak above $700. The decline followed easing Hormuz shipping concerns, China's relaxed export restrictions, and weaker Northern Hemisphere demand.
Brazil also postponed purchases and imported less than a year earlier.
Lower nitrogen costs ease input pressure on grain production, though futures remain about 9% above their level at the start of the year.
tradingeconomics.comAgna GabrielAug 3, 2026Not 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.
