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Granular urea in New Orleans dropped to $453.50 per short ton, the lowest since February 6. The decline erased all of the gains from the Iran conflict, with prices down 36% from mid-April highs.
Full reversal of the war premium lowers nitrogen input costs for US farmers, though seasonal weak demand may limit further near-term gains in prices.
bloomberg.comIlena PengJul 1, 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.
