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The US fertilizer industry entered spring with steady but cautious demand after the TFI annual meeting in mid-February. Participants discussed a projected US urea import deficit of 700,000 to 1 million tons.
Farmers are watching spending closely, though the strong fall refill left retail and grower inventories comfortable.
A projected US urea import shortfall with thin spring supply points to firmer nitrogen prices once buying resumes, raising input costs for US livestock and feed producers.
vinachem.com.vnFeb 27, 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.
