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Yara and Mosaic agreed to cut the December Tampa ammonia contract by $10 to $250 per metric ton CFR. Global ammonia prices were steady in November, with nitrate prices under pressure.
Domestic U.S. ammonia prices weakened in the west and held steady in the east.
A lower Tampa ammonia settlement signals soft nitrogen pricing and weak demand in the U.S. This keeps downward pressure on urea and ammonia costs for feed and farm buyers.
news.agropages.comDec 2, 2019Not 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.
