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The Profercy World Nitrogen Index was little changed at 117.66 in the week to September 11, 2020. Producers were holding offers while buyers, including Brazil, withdrew amid a standoff, with expectations that upcoming Indian tenders would support October prices.
A stalled urea market with pending Indian tender demand suggests firm nitrogen prices into October, which raises input costs for grain and feed producers.
profercy.comChris YearsleySep 11, 2020Not 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.
