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StoneX's Josh Linville says every fundamental he tracks points to higher global urea prices over the next one to two months. Chinese exports remain absent, Iran's production is offline, and European output is about 75% of normal.
He also flags the India tender and record Chinese stockpiles as risks.
Missing supply from China, Iran and Europe tightens the urea market into spring application, which raises input costs for feed and crop producers. Buyers should expect firm fertilizer prices and possibly higher corn and grain production costs.
stonex.comJosh LinvilleJan 27, 2025stonex.comJosh LinvilleJan 27, 2025stonex.comJosh LinvilleJan 27, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
The same supply-side fundamentals (no Chinese exports, Iran offline, weak EU output) support a bullish price outlook and sentiment.
