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Genesis Fertilizers reports that NOLA urea rose for a fourth consecutive week while Western Canada urea prices were unchanged. The spread between Western Canada delivered and NOLA-adjusted prices narrowed to about C$166/mt, near the five-year average of C$168/mt.
Rising NOLA urea and a narrowed spread suggest Western Canadian prices may follow higher into spring, which matters for buyers sourcing fertilizer in North America.
genesisfertilizers.comCaitlinJan 31, 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.
