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CF Industries' first-quarter 2017 earnings and margins fell year over year. An analysis of the global urea cost curve estimates 2017 demand at 16.8 million short tons and market prices between $210 and $245 per ton.
Urea sits at the high-cost end of the producer curve, so price moves depend on demand shifting along it; the analysis mainly explains producer margins rather than a new supply shock for feed buyers.
marketrealist.comAdam JonesJun 27, 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.
