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Argus Media launched a weekly price report for urea barge shipments in New Orleans, based on volume-weighted averages of trades within the calendar month. The benchmark is intended to improve transparency for fertilizer futures settlement and industrial contracts.
A more transparent FOB Nola urea price improves the reference for U.S. fertilizer costs, which feed into corn production economics, but it does not itself change supply or prices.
waterwaysjournal.netWaterways JournalJul 12, 2021Not 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.
