# Nitrogen prices hang tough despite coronavirus shock | Capital Press

> Nitrogen fertilizer prices have fallen during the coronavirus downturn, though less than crude oil. Urea on the Gulf of Mexico wholesale market dropped from about $280 to about $230 per short ton between early April and early May. Dealers are buying hand-to-mouth because of economic uncertainty.

- Date: 2020-05-07 · published 2020-05-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53065-nitrogen-prices-hang-tough-despite-coronavirus-shock-capital-press
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weaker urea prices reflect cautious dealer buying and softer demand, which may ease input costs for feed and grain producers. The link between urea and oil has weakened, so energy moves may not pass through to nitrogen prices.

## Read by commodity

- UREA: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2020/05/07/nitrogen-prices-hang-tough-despite-coronavirus-shock/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.