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StoneX's October Aussie urea outlook says the market is waiting on India's next tender, which could lift prices. Longer term, the analyst expects weakness linked to Chinese export timing.
Australian demand is largely past, and markets are expected to align with global replacement values.
A likely short-term bounce around India's tender is offset by expected softness from Chinese export flows, so buyers may want to time purchases around these events.
stonex.comJosh LinvilleOct 4, 2023Not 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.
