Loading…
Fertilizer supplies are thinning as planting accelerates across the northern Plains, with urea especially tight. Some North Dakota distributors are sourcing urea from Canada, hauling it 500-plus miles, and farmers are being urged to shop around for product.
Tight urea availability in the northern US raises nitrogen costs and may push some growers to shift acres, which can influence corn and wheat planting decisions.
rrfn.comDon WickMay 14, 2019After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
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.
