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Integer Research analyst Alistair Wallace told a Florida fertilizer conference that the global nitrogen market could face a deficit within two to three years before new capacity arrives. He said urea demand is forecast to grow about 1.5% annually through 2023, while Chinese plant idling and US sanctions on Iran could tighten supply.
Expected tightening of nitrogen supply would support urea prices over the medium term, raising input costs for corn and other feed grain producers.
dtnpf.comRuss QuinnDec 6, 2018After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
