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Argus Media launched a weekly volume-weighted urea price for barge shipments in New Orleans, based on trades done within the calendar month. The benchmark is intended to underpin futures settlement and industrial and domestic supply contracts.
A transparent NOLA urea benchmark improves price discovery for nitrogen costs that feed to grain and forage production, though it does not itself change supply or price levels.
prnewswire.comArgus MediaJun 30, 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.
