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The Genesis Fertilizers weekly report notes that Urea NOLA prices fell 31% since September 8 while Western Canada DEL prices rose 3%, widening the spread. The firm views this as a bearish signal for Western Canadian urea prices.
A widening NOLA-to-Western Canada spread shifts urea flows and pricing between regions, which can pressure Canadian nitrogen costs while US Gulf prices stay weak.
genesisfertilizers.comCaitlinMay 15, 2024Not 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.
