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Nitrogen fertilizer prices in Europe and the US rebalanced in February, with urea falling sharply and UAN and ammonia offers following. Ammonia prices at Eastern Oklahoma plants fell from $870-$885 to $625-$665 FOB ex-plant.
European producers gained competitiveness as they became swing producers in the global ammonia market.
Cheaper European and US nitrogen supply weighs on global nitrogen prices and eases input costs for grain and feed producers. Prices are expected to stay stable or soften in the short term before spring demand.
chemanalyst.comHarold FinchMar 15, 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.
