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StoneX's Josh Linville outlines his June 2023 urea outlook, stating global price ideas continue to decline with no sign of demand stepping forward. He expects North American values to remain under pressure in coming weeks and months, with Europe restarting production and Chinese exports resuming.
Ample supply and weak demand point to lower urea costs for North American buyers in the near term, although a surprise from India's purchase tender could change that. Lower nitrogen input costs can support corn acreage and grain supply over time.
stonex.comJosh LinvilleJun 5, 2023stonex.comJosh LinvilleJun 5, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
