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UK urea prices rose further in the week ending 22 September as traders covered needs and suppliers reset to replacement cost. Yara raised ammonium nitrate prices by €20-21/t, with 33.5%N at £238/t.
Global liquid nitrogen prices are also starting to rise.
Broad nitrogen price increases raise fertiliser costs for grain and feed producers, a supportive factor for crop prices through higher input costs.
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.