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Western Australian suppliers are short of urea and liquid nitrogen such as UAN and Flexi-N after a late season break and widespread follow-up rains boosted demand. A raw materials shipment to WA failed to arrive in July, which made the shortage worse.
Farmers are seeking extra nitrogen to lift yield and protein on a possible bumper Wheatbelt crop.
Tight nitrogen supply during peak application time raises the price of urea and related products. Strong grain yield expectations keep input demand high until supplies are restored.
farmweekly.com.auMal GillAug 23, 2018After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% 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.
