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CF Industries withdrew its NPK terms on February 11 and 12, and distributors were still waiting for new terms at publication. India is expected to hold its next urea tender after February, and global urea availability is described as tight with UK and European stocks low.
A 2021 potash contract with a Chinese buyer was reported at $27 above 2020 levels.
A delayed Indian urea tender that could be larger than expected, combined with tight stocks and higher potash contract prices, supports firm nitrogen and potash prices and raises costs for feed grain producers.
uk.cofcointernational.comRosie SweetFeb 15, 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.
