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Fertilizer market commentary cites Nutrien's expectation of nitrogen supply constraints in 2024, including limited Russian ammonia exports, reduced European operating rates, and Chinese urea export restrictions. The report also covers hedge fund activity and North American urea and MAP price trends.
Henry Hub gas is projected to average about $2.50 per MMBtu for the year.
Tight nitrogen supply from Russia, Europe and China supports urea prices, while cheap North American gas keeps US producers competitive. Feed buyers should expect firm fertilizer costs that feed into crop input prices.
genesisfertilizers.comCaitlinFeb 28, 2024Not 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.
