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US wholesale UAN offers in mid-July fell sharply after CF Industries announced its summer fill, at $160-175/t FOB depending on location. Global ammonia prices rose in July on tight spot supply and production outages, with Ukrainian ammonia at $280-285/t FOB.
Tight global ammonia supply and firm gas costs in Europe keep nitrogen input costs elevated, which feeds through to the cost of corn and other feed grain production.
dtnpf.comKarl Stenerson Market ReporterAug 9, 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.
