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Granular urea prices were flat to higher week-over-week for the week ending October 13, 2017. NOLA rose as much as 3.5% to $212/mt, the Cornbelt was flat at $245/mt, and the Middle East rose 1.6% to $250/mt.
Yuzhny prilled urea rose 1.2% to $258/mt, and prices were 23% to 36% higher year-over-year.
Stable to rising urea prices keep nitrogen costs elevated for US corn growers, which supports feed-grain prices, though the moves were small and mostly routine.
marketrealist.comAdam JonesOct 18, 2017Not 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.
