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New US granular urea capacity, including Koch's Enid and Dakota Gas' Beulah plants, is expected online by year-end, reshaping trade flows. Delivered urea sales inland are increasingly bypassing the Nola hub, which hit a 13-year low of $158/st fob in late June.
Growing US urea self-sufficiency reduces import reliance and may weaken the Nola pricing benchmark, which lowers nitrogen cost pressure for US feed grain producers.
argusmedia.comAug 2, 2017After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% 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.
