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StoneX analyst Josh Linville says urea prices are rising globally with no near-term sign of slowing. He cites tight inventories, unplanned plant downtime tied to delayed repairs during COVID, producers well sold forward, and little Chinese export activity.
Supply constraints across major producers keep nitrogen costs high, which can squeeze farm margins and encourage lower nitrogen application or acreage shifts that affect corn supply.
stonex.comJosh LinvilleJun 4, 2021stonex.comJosh LinvilleJun 4, 2021Not enough comparable past events yet for a historical read.
Not 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.
