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DTN reports that world ammonia prices stabilized in October after falling early in the month. Middle East spot prices have edged higher, and the Tampa contract for November held flat at $210/t cfr.
Stable global nitrogen prices with a tighter Middle East supply outlook suggest limited downside for fertilizer costs. This keeps input costs for feed grain producers steady.
dtnpf.comKarl Stenerson DTN Fertilizer ColumnistNov 1, 2016Not 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.
