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Irish farm press reports CAN fertilizer prices are up €50/t since last summer's lows, with European producers seeking a further €5-10/t for January/February. Yara and Uralchem cite tighter Chinese urea output and higher CAN exports from Europe to South America.
Higher European nitrogen costs raise grain and grassland production costs and can support feed prices, while strong South American export demand for CAN signals tight global nitrogen supply.
farmersjournal.ieJan 31, 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.
