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DTN's wholesale fertilizer review reports that international ammonia prices recovered through December 2016 on reduced merchant supply from major exporters. Black Sea ammonia was tight after lower output at Togliattiazot, and the Yara-Mosaic US contract settled at $250/mt cfr for January, up $25.
The column expects wholesale prices to stay mostly steady in the near term.
Tighter ammonia and nitrogen supply lifts feed-grain production costs and supports urea prices, although the near-term outlook is steady.
dtnpf.comKarl Stenerson DTN Fertilizer ColumnistJan 3, 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.
