# Ammonia is next shoe to drop in fertilizer market :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> Gulf ammonia contracts for June settled about $60 a ton lower at $240, the lowest since January's jump. The decline pushed the Gulf urea and UAN indexes lower as well, with UAN at the Gulf down $5 to $154.

- Date: 2017-06-08 · published 2017-06-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70806-ammonia-is-next-shoe-to-drop-in-fertilizer-market-content-tap-oan-hoa-chat-viet
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Rising U.S. ammonia output and weaker urea prices point to lower Midwest terminal and retail nitrogen costs, which lowers input costs for grain and feed producers.

## Read by commodity

- CORN: bearish ▼

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/market-and-product-vnc/ammonia-is-next-shoe-to-drop-in-fertilizer-market.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.