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Urea prices eased below $400 per tonne after peaking at $422 on February 12, the highest since October 2023. The retreat reflects improved supply flows, weaker demand in India and Brazil, and lower natural gas prices.
Easing demand and lower gas costs point to softer nitrogen prices after the peak. Volatility is expected to persist into spring planting.
tradingview.comFeb 20, 2025Not enough comparable past events yet for a historical read.
Not 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.
