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Unconfirmed reports say China's NDRC and CNAMPGC agreed on urea export quotas from May to September, with roughly 3-4 million tonnes possibly available. Urea paper prices fell sharply in response, and Iranian granular urea sold lower at $337.20/tonne FOB.
Possible Chinese export volumes would add significant urea supply to global markets, pressuring nitrogen prices, though the unconfirmed nature of the rumour limits certainty.
czapp.comStein Chingen HauganMay 6, 2025After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
