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Global urea prices rose on tight supply and seasonal buying in Brazil, with Australian demand late in the period. Middle East FOB pricing is around $350-360/t and Egyptian sales rose to about $415/t, while MAP prices in the Americas increased about $43/t to $460-475/t CFR.
Higher nitrogen and phosphate costs raise input expenses for feed grain and oilseed growers, which can support corn and soybean prices and tighten farm margins for livestock producers.
czapp.comStein Chingen HauganJul 23, 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.
