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Urea prices at Yuzhny fell as much as 4.1% week-over-week to $256 per metric ton, while Middle East and NOLA prices also declined. Year-over-year, Yuzhny urea is still up 16% on the year.
Softer nitrogen prices reduce input costs for fertilizer-exposed producers, though the year-to-date rise driven by lower Chinese output keeps the broader fertilizer price level elevated.
marketrealist.comAdam JonesNov 22, 2017marketrealist.comAdam JonesNov 22, 2017Not 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.
