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International urea prices are falling seasonally as the main fertilizer season ends, but the decline has been slowed by a temporary rise in natural gas prices and higher corn prices. Forward N fertilizer prices on major exchanges show only slight downward trends over the next two months before usual second-half increases resume.
Urea production is energy-intensive, so gas costs and corn prices are limiting how far fertilizer prices can fall, which keeps feed-grain input costs firmer into the second half.
zmp.deMay 28, 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.
