Loading…
CRU reports a surge in fertilizer M&A activity driven by strong 2022 earnings and improved cash flows. Urea barge prices in the US Gulf and Western Canada fell from late-April highs, with prompt barges dropping from US$465-475/st to US$350-365/st for second-half May.
Sharp declines in US urea barge prices reduce fertilizer input costs for corn producers, while M&A activity reflects structural industry consolidation rather than a near-term supply shock.
genesisfertilizers.comCaitlinMay 24, 2023Not 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.
CRU reports US Gulf and Western Canada urea barge prices dropped from US$465-475/st to US$350-365/st, a price drop of about 25% that directly matches the size of the one-day fall.
CRU data show US Gulf urea barge prices falling sharply (from $465-475/st to $350-365/st) ahead of the move, reflecting weak demand and a price slide that plausibly fed into the one-day drop.
US Gulf and Western Canada urea barge prices dropped sharply from late-April highs (about $465-475/st to $350-365/st), showing the steep late-May price correction.
US Gulf prompt urea barges fell from $465-475/st to $350-365/st, a large price drop showing demand weakness in a key import market.
