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Wholesale fertilizer prices were mixed in late March, with NOLA urea barges trading at $241-$254/t compared with $229-$233 in February. Global ammonia prices fell in March, with the Tampa contract settling at $275/t CFR.
Weaker phosphate prices and reduced Mosaic output weighed on the market.
Higher NOLA urea and weaker ammonia and phosphate prices create a split market, with nitrogen firming while other nutrients soften. Buyers should watch whether the nitrogen rebound continues into the spring application season.
dtnpf.comKarl Stenerson Market ReporterApr 2, 2019Not enough comparable past events yet for a historical read.
Not 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.
