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Fertilizer prices across the complex stayed soft at the end of June, with Gulf July ammonia settling $22.50 lower. Retail urea averaged about $305 and Plains offers ran $265 to $295, while UAN retail for 28% fell to $225.
Continued weakness in nitrogen costs reduces grain production expenses and signals a buyers' market, though a rebound in urea is limited by rising US output and export demand.
vinachem.com.vnJun 30, 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.
