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CRU analysis shows the US added 2.74 Mt of UAN capacity in two years, roughly matching 2017 imports, while exports rose from 0.5 Mt in 2015 to an estimated 1.6 Mt in 2017. East Coast import share fell as CF Industries and IFCo new plants compete, and UAN prices dropped to a low of $145/st.
Growing US nitrogen self-sufficiency and cheaper UAN lower domestic nitrogen costs for corn growers, but shifting trade flows reduce import demand from global producers.
crugroup.comAuthor Doug Hoadley NitrogenJan 11, 2018After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
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.
