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Genesis Fertilizers reports urea prices rose in July, with Western Canada jumping about 22% in the last week and NOLA climbing each week. Argus data show global urea gained 10-15% in a week on Asia-Pacific and Nigerian supply cuts, with US barge prices up about US$66/t.
Rising urea prices driven by supply cuts and strong demand raise nitrogen input costs for grain and feed producers.
genesisfertilizers.comCaitlinAug 2, 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.
