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StoneX's outlook says UAN prices are expected to stay relatively flat in the short term, with North American manufacturers well sold and farmers showing limited buying interest. Production losses at Trinidad and in the EU are still affecting global supply, and the EU outage may last a long time.
Persistent EU and Trinidad production losses limit global nitrogen supply, but weak spring demand is holding prices steady. Urea could move higher, and UAN would likely follow once spring buying starts.
stonex.comJosh LinvilleOct 29, 2024stonex.comJosh LinvilleOct 29, 2024stonex.comJosh LinvilleOct 29, 2024Not 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.
