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International urea interest remains thin but sentiment is improving as buying is expected in Europe, Brazil and India over the next one to two months. Indonesian business was concluded at $257/t FOB and Black Sea prilled urea was offered around $235-240/t FOB.
Expected purchasing from major importers supports urea prices, which feeds into fertilizer costs for grain producers. The impact on feed commodity prices is indirect.
echemi.comICISSep 9, 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.
