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StoneX analyst Josh Linville says a difficult March delayed Midwest anhydrous applications, pointing to likely anhydrous demand shortfall. Many farmers are switching to urea or UAN, and corn acres are still expected near 92 million across the US.
Shifting nitrogen demand toward urea and UAN supports those products' prices, while expected corn plantings of about 92 million acres keep overall nitrogen demand firm.
hoosieragtoday.comDigital TeamApr 12, 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.
