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Wholesale US ammonia and UAN prices rose in March after a February winter storm disrupted production at Gulf Coast nitrogen plants. Ammonia was reoffered about $125 per short ton higher in the Corn Belt, and fertilizer application was delayed by wet weather.
Production outages and higher wholesale nitrogen costs raise the cost of corn production in the US, supporting urea and nitrogen prices while spring application timing remains a constraint.
dtnpf.comApr 13, 2021After 30 past bullish weather events, UREA moved a median +1.4% over 5 sessions (67% higher; middle half -0.3% to +1.6%), and +9.1% over 20.
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.
