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US Gulf (NOLA) urea barge prices rallied more than $32/ton in one week, with first-half April business done up to $387/st FOB. Strong prompt demand and light import availability drove the gain, with the 45-day curve also advancing.
Limited import supply into the US for late April and May shipment tightens nitrogen availability and pushes prices higher, raising near-term fertilizer costs for corn growers.
profercy.comChris YearsleyApr 14, 2023Not 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.
