By Adam Jones | May 25, 2016 3:39 pm EDT
Urea prices
Previously, we discussed ammonia prices in the week ended May 20. As most global ammonia production is upgraded to urea, ammonia prices may affect urea prices. Overall, urea prices for the week ended May 20 were in the negative territory.
Granular urea prices in the Corn Belt declined to $254 per metric ton FOB (free on board), or $290 per short ton, from $258 per metric ton ($285 per short ton), a decline of 1.8% from one week earlier. YoY (year-over-year), Corn Belt prices are down by 32%............