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A Vinachem outlook says fertilizer prices vary widely by location and timing. Ammonia and urea values at the Gulf and in the Plains edged lower after fall declines, while Midwest retail prices and spring dealer prices remained elevated.
Urea may be near a turning point ahead of an Indian tender.
Lower wholesale nitrogen costs with a possible spring demand rush point to a mixed fertilizer price path that affects feed-grain input costs.
vinachem.com.vnJan 24, 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.
