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CRU Group lays out its top 10 fertilizer market calls for 2023. It says prices fell from March 2022 peaks, and expects volatility to persist with European nitrogen constrained by high gas prices.
Expectations of continued volatility and high European gas costs point to nitrogen price support, while softer demand limits upside for feed-cost inputs.
crugroup.comAuthor Chris LawsonDec 22, 2022After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
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.
