Loading…
USDA-style distributor data for the week ending October 2 show urea averaging $796.25 per short ton, up 9.1%, and potash up 6.8% to $571.35 per ton. UAN28 fell 11.1% to $533.34 per ton.
Rising urea and potash prices raise nitrogen and potash costs for US producers, while the drop in UAN28 offers some relief in liquid nitrogen.
After 76 past bullish report events, UREA moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
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.