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Urea briefly fell below $500 a ton in US trade before rebounding to about $500. StoneX's Josh Linville expects prices to rise in Q1 as spring demand builds in North America, Brazil, India and Europe.
Low current demand and expected Q1 buying suggest urea prices may firm, so farmers could lock in cheaper nitrogen now, before the new-year price increase.
brownfieldagnews.comLarry LeeNov 25, 2022Not 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.
