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Standard urea prices in NOLA rose 0.8% to $230 per metric ton for the week ended February 23, and Egypt rose 0.8% to $266. Middle East standard urea fell 0.4% to $254, while prilled urea at Yuzhny rose 1.3% to $235.
Higher nitrogen costs raise the input expense for corn growers, which can support corn prices over time while adding to feed-cost pressure for livestock buyers. The moves are small, so the price impact is limited.
marketrealist.comAdam JonesFeb 27, 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.
