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The Profercy World Nitrogen Index rose 8.22 points to 445.30 as international AN values surged following Russian export quotas and ammonia prices climbed toward $1,000/t in the Black Sea. Urea values held after India's post-tender price increases, though activity slowed as participants paused ahead of a possible early-December Indian tender.
Tight nitrogen supply and rising ammonia costs keep fertilizer input costs elevated for feed grain producers, supporting corn and wheat production cost floors and reinforcing expectations of lower yields next season.
profercy.comChris YearsleyNov 26, 2021Not 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.
