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StoneX reports NOLA urea barge prices fell from $570 to $510/short ton between late May and June 1 for second-half June shipment. Analyst Josh Linville attributes the decline to fading demand as corn acres are lost and supplies are ample.
Falling NOLA barge urea reflects oversupply and weak spring demand, lowering nitrogen costs for US corn planting. The decline may be temporary but has not yet reversed.
stonex.comJosh LinvilleJun 1, 2022Not 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.
NOLA urea barge prices fell from $570 to $510/st into June 1 on fading demand and ample supply, directly matching the window's sharp drop.
