# Middle Eastern Urea prices join the Oversold parade | rob zdravevski's blog

> Middle East FOB urea fell 12% overnight, returning to its 200-week moving average. The move produced a weekly oversold reading last seen three years ago. The post also tracks wheat and Japan Korea LNG prices alongside urea.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5867-middle-eastern-urea-prices-join-the-oversold-parade-rob-zdravevski-s-blog
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A sharp fall in Middle East urea signals lower nitrogen costs for feed grain producers. The oversold reading suggests the decline may be extended or may be followed by a technical rebound.

## Read by commodity

- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2023-01-27 | 1 | -9.6% | -5.7 | Reports a 12% overnight drop in Middle East FOB urea to its 200-week moving average, which closely matches the size and timing of the one-day move and points to technical, sentiment-driven selling. |

## Sources

- robzdravevski.com: https://robzdravevski.com/2023/01/27/middle-eastern-urea-prices-join-the-oversold-parade/

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