Loading…
Vinachem's outlook says fertilizer costs could shape crop mix as futures trade near contract lows. Retail ammonia averages are flat at $403 projected wholesale, with higher Middle East and Black Sea costs.
Gulf urea fell $8.50 to $247/t, though upriver prices rose.
Corn trading near lows against elevated ammonia and urea costs squeezes grower margins and may push acreage toward soybeans, affecting future feed-grain supply. Rising ammonia costs signal tighter nitrogen availability into fall.
vinachem.com.vnJul 19, 2018Not enough comparable past events yet for a historical read.
Not 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.
