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A sharp cut in Chinese fertilizer exports has driven a steep rise in urea and nitrogen prices over the past year, with Gulf urea trading at $310-325/t versus about $160 in mid-2017. China is projected to export about 1.5 million tons of urea in 2018, roughly one-tenth of its 2017 exports.
Lower Chinese export supply keeps global nitrogen costs high, raising grain production costs and feed-grain pricing pressure for US farmers through the domestic-international price link.
capitalpress.comMateusz PerkowskiOct 18, 2018After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
