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Nutrien, the world's largest crop nutrient producer, is studying expansions of several North American nitrogen plants because prices have climbed. CEO Chuck Magro said new plants are not justified at current prices, and some expansions may be minor.
RBC expects nitrogen prices near $300/tonne at New Orleans through early 2019.
Nitrogen prices are expected to stay elevated because new capacity is limited and expansions will take time. Feed-grain buyers should expect continued high fertilizer costs into 2019.
theglobeandmail.comReutersNov 5, 2018Not 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.
