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According to BofA, urea prices weakened slightly in the fertiliser market while ammonia has risen for about a month. Nutrien and CF Industries reported third-quarter adjusted EBITDA growth of roughly 25%.
Softer urea ahead of the Indian tender suggests buyers may secure lower prices, which weighs on global nitrogen values. Rising ammonia costs, however, support future nitrogen production expenses.
Not 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.