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Wholesale ammonia prices remained firm in February as Black Sea supply was constrained by a pipeline problem. Middle East ammonia rose sharply, and US Tampa contract prices climbed to $330/mt cfr for March.
Firm ammonia and tight Black Sea supply keep nitrogen input costs elevated, supporting fertilizer prices that feed into crop production costs.
dtnpf.comKarl Stenerson DTN Fertilizer ColumnistMar 6, 2017After 49 past bullish logistics events, UREA moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
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.
