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Urea prices were stable to soft in China in late November 2024 with inventories building due to limited exports. North American urea prices declined on subdued domestic demand and sufficient inventories, while India saw a slight rise from seasonal Rabi-season restocking.
Regional divergence in urea pricing points to ample nitrogen supply heading into the new year, which keeps feed-grain production input costs from rising sharply. Softer North American prices reduce pressure on corn and wheat growers' margins.
chemanalyst.comBob DufflerDec 3, 2024Not 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.
