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Poor late-harvest conditions in Alberta are limiting fall fertilizer application and purchasing, while prices are already rising. Analysts expect tighter availability and higher input costs for urea, ammonia and UAN next spring if little product is applied in the fall.
Reduced fall application could tighten spring nitrogen supply and push prices up, raising crop input costs for producers and feed grain margins in the coming season.
albertafarmexpress.caJennifer BlairOct 22, 2018After 30 past bullish weather events, Urea moved a median +1.4% over 5 sessions (67% higher; middle half -0.3% to +1.6%), and +9.1% 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.
