Loading…
US wholesale urea has fallen from a record $940 per short ton in late March to about $650 along the Gulf of Mexico. Northwest farmers have not seen relief because rail transport problems are keeping product from reaching them, and West Coast prices remain high.
Suppliers expect farmers to buy hand-to-mouth while demand softens seasonally.
Falling wholesale nitrogen costs signal easing input pressure, but elevated regional prices and weak demand point to a cautious, wait-and-see buying pattern. Feed-grain input costs are likely to stay elevated for now.
capitalpress.comMATEUSZ PERKOWSKICapital PressMay 6, 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.
