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Yara reported lower-than-expected profits and said urea prices will stay under pressure from strong oversupply. Output cuts in China are being offset by new capacity elsewhere.
Continued oversupply in global nitrogen markets caps urea prices, which lowers costs for fertilizer-linked feed grain production over the coming months.
ctrmcenter.comCTRM Center CommunityJul 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.
