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US nitrogen fertilizer prices have started falling in early 2022 after urea roughly doubled through 2021. Urea has dropped from about $800/t in mid-November to around $600/t on the Gulf wholesale market, after India capped its winter purchases.
Falling nitrogen costs reduce expected input costs for corn and other feedgrains, though relief may come too late for the upcoming season. Buyers are holding off, keeping downward pressure on urea.
capitalpress.comMATEUSZ PERKOWSKICapital PressJan 18, 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.
