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Global ammonia prices kept sliding through February despite shutdowns of two Trinidad ammonia plants, and the March CFR Tampa settlement was cut $35 to $305/mt. Ex-Yuzhnyy and Middle East FOB prices also fell as the nitrates season in Eurasia winds down.
Lower nitrogen fertilizer costs ease input pressure for feed grain producers, but the bearish outlook suggests little near-term support for fertilizer-linked margins.
dtnpf.comMar 6, 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.
