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StoneX's Josh Linville says global nitrogen supply remains constrained, with EU production at about 75% of normal and Trinidad struggling with gas-related output issues. Demand is slower because farmers face lower grain prices and are delaying purchases.
He still expects higher urea prices.
Constrained nitrogen supply and delayed buying set up a price rebound once demand returns, raising fertilizer costs for feed producers. Weak grain prices are the main factor restraining the near-term rally.
stonex.comJosh LinvilleOct 3, 2024stonex.comJosh LinvilleOct 3, 2024Not 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.
Constrained global nitrogen supply (EU output at about 75% of normal, Trinidad gas problems) supports higher urea prices, although slow demand tempers the effect.
