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StoneX's fertilizer analysis says urea prices have started rising after a period of decline, with Egyptian producers selling small blocks at higher prices. The analyst expects tight global inventories if planned plant repairs occur and China restricts exports.
North American values would need to rise in line with global prices.
Tight global urea stocks and possible Chinese export curbs support international prices, which pass through to North American nitrogen costs for feed grain producers.
globaltradealert.orgSep 9, 2021
stonex.comJosh LinvilleSep 1, 2021stonex.comJosh LinvilleSep 1, 2021stonex.comJosh LinvilleSep 1, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Prices began rising after a decline on expectations of tight global inventories and possible Chinese export limits, supporting the upward move.
