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Ammonia prices keep sliding as Gulf reductions move up the supply chain, with some southwest Plains dealers offering below $400. Urea has rebounded slightly from 14-year lows, while UAN spot edged lower and August swaps sit at $121.50.
Weak nitrogen prices lower the cost of fertilizer inputs for feed grain production ahead of 2018, and growers are being urged to lock in supplies now while the market is soft.
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.