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Josh Linville says China's lack of urea exports is the biggest factor squeezing the market. China historically exports about 5 to 5.5 million tons per year, and export restrictions are affecting supply heading into the fourth quarter.
Reduced Chinese urea exports remove a major source of global supply, supporting higher fertilizer prices ahead of the northern hemisphere application season.
brownfieldagnews.comJared WhiteOct 3, 2024After 176 past bullish trade events, UREA moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
