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New season UK nitrogen prices were released more than 20% below old season supplies, with CF Fertilisers offering ammonium nitrate at £174-£180/t delivered for June to September. Granular urea firmed £5-£7/t to £200-£210/t for September to December delivery.
Lower UK nitrogen prices improve the wheat-to-nitrogen price ratio, which may encourage more nitrogen use and support grain supply, while firmer urea signals a modest rebound in forward prices.
fwi.co.ukSuzie HorneMay 19, 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.
