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NOLA barge urea prices fell close to $100 in one day, with February delivery trades reported at $620 per ton, down from $695 at the start of the session. Futures offers for Q1 were near $640 with no trades confirmed.
Prices had traded near $760 in the final two weeks of the prior year.
A sharp drop in US Gulf urea reduces the cost outlook for nitrogen fertilizer and farm inputs. The move signals softer near-term nitrogen demand and supply pressure in the US market.
stockxpo.comJan 5, 2022Not 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.
Directly reports NOLA barge urea falling roughly $80-100 in one day on Jan 5 (from $695 to $620/t), which matches the size and timing of the move.
NOLA barge urea fell about $80-100 in a single session on Jan 5, from roughly $695 to $620 and well below the ~$760 of late December, which directly accounts for the sharp five-day decline.
