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DTN reports that wholesale ammonia prices fell slightly in December, though plant outages kept supply tight. Yara and Mosaic rolled the Tampa contract over to January at $250/mt CFR, and the global ammonia outlook is described as stable in the short term.
Stable ammonia and urea prices mean nitrogen input costs for feed producers are unlikely to move much in the near term.
dtnpf.comLogan Garcia Market ReporterJan 7, 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.
