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Yara International reported weaker 3Q17 results than 3Q16, with net income of NOK709 million and EBITDA down 8% year-over-year. The company cited higher energy costs and a weaker US dollar, although fertilizer deliveries rose 6% and production hit several records.
Yara describes the fertilizer market as fundamentally supply-driven with margins still under pressure, so the report shows limited near-term price momentum for nitrogen fertilizer despite a late-quarter price recovery.
worldfertilizer.comDavid RowlandsOct 19, 2017After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% 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.
