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Urea prices in Canada and North America are higher than expected for the summer, with Western Canada around $630 to $640 per tonne in mid-July and New Orleans near US$300 per short ton. Prices held up even though crop prices fell, with corn near $4.10 per bushel compared with about $5 a year earlier.
Elevated urea prices against weaker crop values squeeze farm margins and may cut fertilizer application, which can weigh on future yields and feed grain supply.
producer.comRobert ArnasonAug 1, 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.
