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Fertiglobe reported that China's urea exports fell about 92% year over year to 25,515 mt in August due to export restrictions. The company called the short-term outlook for nitrogen fertilizers favorable and noted limited new supply additions.
Sharply reduced Chinese urea exports tighten global nitrogen supply, supporting urea prices and raising input costs for corn and feed grain producers.
spglobal.comNov 11, 2024After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
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.
