Loading…
Urea futures at the US Gulf fell after India's tender drew low-ball offers below $545 per short ton. Prices recovered somewhat as traders awaited India's final booking, though they remain well below November record highs near $900.
A softer nitrogen market lowers fertilizer costs for corn growers, though retail prices remain near record levels. The move is a modest relief factor for feed grain margins.
farmprogress.comBryce KnorrFeb 14, 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.
