Loading…
Urea prices are rising slowly, with Egyptian granular rising to about $355-360/t FOB and Middle East spot near $330-335/t. Trade volumes remain low, Hurricane Francine has disrupted US Gulf production, and China remains absent from the export market.
Hurricane-related plant curtailments and China's export absence support urea prices, though thin demand limits gains. Potash is weak on Brazil pressure.
czapp.comStein Chingen HauganSep 16, 2024Not 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.
