NOLA urea prices declined significantly last week with declines in the Mar and even lower prices for April delivery. I think the high is in for this season. This lower price trend should be in time to ease prices this spring so likely time to play wait and see. I bought some urea last fall but not all of it. The price then was plenty high so could not see it going much higher for spring but the cartel has still been able to push it up. When seeding is late and it may be this year as lots of snow falling here today, I have been able to buy urea after May long for less than the price at the end of April and it looks like that will happen this year. Cheaper to buy wheat and corn than urea right now.
Announcement
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No announcement yet.
Finally a break in urea prices
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