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OCI's new Iowa Fertilizer Company nitrogen plant is running at full capacity. Urea prices at New Orleans fell to decade lows this year due to new capacity and a wet spring that reduced US farmer demand.
Added US nitrogen supply and weak spring demand keep domestic urea prices low, lowering input costs for US corn producers and feed grain supply economics.
reuters.comRod NickelMay 18, 2017Not enough comparable past events yet for a historical read.
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.
