Global Ag News For April 27.2026

TOP HEADLINES

Trump grants 90-day Jones Act waiver extension to curb energy costs

• Extends time for foreign vessels to move key US commodities
• Highlights ongoing split over Jones Act shipping rules and costs
• Comes amid continued volatility in global energy markets tied to the Iran conflict
• Adds White House official comment in paragraph 6 and maritime group in paragraph 9

President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertilizer around the United States, the White House said on Friday, the latest effort to curb rising energy costs linked to the war with Iran.

The move reflects a broader push by the White House to dampen politically sensitive fuel price spikes ahead of November’s midterm elections, where affordability is expected to be a defining issue for voters. Recent polling shows Trump and Republicans losing ground on the economy — once a core political strength — with approval of his economic handling falling sharply and rising gasoline prices weighing heavily on public sentiment.

The decision adds roughly three months to the existing waiver that was set to expire on May 17, enabling foreign-flagged vessels to move commodities between U.S. ports through mid-August.

White House spokeswoman Taylor Rogers confirmed on Friday that Trump had issued the extension.

“This waiver extension provides both certainty and stability for the U.S. and global economies,” Rogers said.

The administration is taking the step of extending the waiver three weeks before its expiration to allow ample time for the maritime industry to ensure sufficient vessels are available to keep moving applicable goods to where they are needed, a White House official said.

The Jones Act has long been a flashpoint between competing economic and national security priorities. Supporters, including U.S. shipbuilders, maritime unions and some lawmakers, argue the law is critical to maintaining a domestic shipping industry and merchant marine that can support military logistics and national security.

But critics — including energy producers, refiners and agricultural groups — say the requirement to use U.S.-built and -crewed vessels sharply raises shipping costs and limits capacity, particularly during disruptions, driving up prices for fuel and other goods.

“This extension of an already historically long and ineffective Jones Act waiver is not only an affront to hundreds of thousands of hardworking Americans who put this country first every single day, it sabotages President Trump’s agenda to restore American maritime dominance,” said Jennifer Carpenter, president of the American Maritime Partnership.

The action is one of several steps Trump has taken to blunt elevated fuel prices and address growing supply concerns, as the U.S.- and Israeli-led war against Iran has triggered a global energy shock.

Trump has said crude and gasoline prices are likely to fall once the Iran conflict subsides, but analysts caution that costs could remain elevated even after hostilities end, as supply disruptions, higher shipping costs and a lingering geopolitical risk premium continue to ripple through global energy markets.

 

FUTURES & WEATHER

Wheat prices overnight are up 4 1/2 in SRW, down 1/4 in HRW, up 0 in HRS; Corn is up 4 3/4; Soybeans up 3 1/2; Soymeal up $3.60; Soyoil up 0.03.

Markets finished last week with wheat prices up 15 1/2 in SRW, up 22 3/4 in HRW, up 1/4 in HRS; Corn is up 7 1/2; Soybeans down 1 3/4; Soymeal up $0.80; Soyoil up 1.86.

For the month to date wheat prices are down 5 1/4 in SRW, up 20 3/4 in HRW, up 1/4 in HRS; Corn is unchanged; Soybeans down 4; Soymeal up $8.40; Soyoil up 2.48.

Year-To-Date nearby futures are up 20.9% in SRW, up 28.5% in HRW, up 18.4% in HRS; Corn is up 4.3%; Soybeans up 13.1%; Soymeal up 11.2%; Soyoil up 49.3%.

Chinese Ag futures (JUL 26) Soybeans down 50 yuan; Soymeal down 2; Soyoil down 25; Palm oil up 27; Corn unchanged — Malaysian Palm is down 62.

Malaysian palm oil prices overnight were down 62 ringgit (-1.35%) at 4535.

There were changes in registrations (-66 Soyoil). Registration total: 34 SRW Wheat contracts; 93 Oats; 173 Corn; 523 Soybeans; 960 Soyoil; 125 Soymeal; 22 HRW Wheat.

Preliminary changes in futures Open Interest as of April 24 were: SRW Wheat down 6,980 contracts, HRW Wheat down 10,416, Corn down 20,505, Soybeans down 16,336, Soymeal down 260, Soyoil down 12,852.

 

WARM AND DRY CONDITIONS IN MAY ACROSS CENTRAL BRAZIL MAY AFFECT DEVELOPING CORN

What to Watch:

• The monthly outlook for May suggests increased downside risks from a warm/dry pattern in Mato Grosso and Goiás
• Moderate conditions expected in South Brazil, Eastern Paraguay and Argentinian Pampas will be neutral for harvests

 

JUNE-AUGUST 2026: OFFICIAL LSEG WEATHER OUTLOOKS FOR NORTHERN HEMISPHERE & TROPICS

WHAT TO WATCH:

• A developing moderate to strong El Niño event will have wide-ranging global weather impacts this summer and beyond, including the potential for a quieter Atlantic hurricane season
• Heat risks during June-August are greatest for Asia, while North America, Europe, and Eurasia are likely to experience mild summers
• Drought risks are evident for the southern U.S., Southeast Asia, and for India where a slightly dry monsoon season is anticipated

  

Northern Plains: Scattered showers moved through the region over the weekend, especially with a system moving through on Sunday. Those showers exit on Monday, which may include some snow. Showers may stick around but will be isolated the rest of the week. That is ahead of a system that will spin around in the Canadian Prairies this weekend that will bring more showers through. Temperatures will largely remain below normal through the first half of May, producing more consistent frosts this week and possibly next week as well. No damage is expected since planting has been slow for corn and soybeans, but the colder temperatures could cause slower planting or growth for winter wheat.

Central/Southern Plains: Batches of showers and strong thunderstorms moved through this weekend, but missed southwestern areas that are in deepening drought. Occasional showers will move across the region throughout the week, but will favor the north and east. Some of these areas will gladly take the precipitation, but dryness is a big issue in the southwest. However, a system is forecast to move across the south on Thursday and Friday, and possibly on Saturday as well, with scattered showers and thunderstorms. Widespread areas of rain are looking likely, however, the drought is deep and intense, which will not be eliminated from this one storm. There is some indication that the south will be the target for more systems in early May, which may be helpful as well. The more active weather could slow planting progress a bit.

Midwest: A system moved through eastern areas on Friday and another system moved into the west on Sunday. That system will move across the region into early Tuesday, with widespread showers and thunderstorms. Severe weather is looking likely across the middle of the region on Monday afternoon and evening. Another system will move across the south on Tuesday and Wednesday, bringing through needed precipitation for drier areas in the region. Occasional showers will move through later this week and into next week as well. Temperatures will fall below normal this week, being largely below normal for the first half of May. Occasional periods of frost will be possible, mostly across the north, but could hamper planting progress, or cause some frost damage.

Delta: Heavy rain and thunderstorms moved through on Friday and Saturday, bringing some much-needed heavy rain through the region. Other periods of precipitation will occur throughout the week, bringing more needed rainfall. However, despite the rain, the drought is deep and the deficits are extremely large. The prospects for more rain extend into next week as well, but will need to be wetter for longer than that to significantly ease drought.

Canadian Prairies: Heavy snow fell in Alberta and Saskatchewan late last week while very cold air settled into the region as well. The cold air will moderate a bit by later this week, but more cold air is forecast to move in over the weekend as well. The cold is causing issues this season as snow is sticking around later and soils are still relatively cold, if not snow-covered. The pattern in early May does not favor the region, and a short planting window is happening this year. Soil moisture is at least very favorable at this time of year, which is favorable for once the crop is planted.

Brazil: A front has stalled out across the south, which produced scattered showers over the weekend. Some showers will continue there early this week and then again late this week. Central Brazil has gotten very dry as the wet season has essentially come to an end a couple of weeks early. The country will see if fronts moving up from Argentina can be of some help for occasional rainfall, but soil moisture will be running out soon, a poor sign for safrinha corn.

Argentina: Crops continue to mature and harvest is increasing across the country. Occasional rain may disrupt the maturing process as well as harvest at times, but conditions are overall favorable.

Europe: Some showers moved through the northeast and Spain this weekend. Dry conditions in the northeast have not been favorable for winter wheat and more is needed. Additional showers will move across western Europe throughout the week and should push eastward this weekend and early next week. Conditions for wheat development and corn planting are overall favorable for most of the continent.

Black Sea: Scattered showers again moved across the region over the weekend, but we also saw temperatures dropping. Cooler temperatures will be around all week, but frosts will mainly occur over the less developed places in the north. Southern areas that are farther along may have some damage, but the overall prospect for widespread frost and freeze damage is low. Occasional rain showers will move in throughout the week and the clouds that come with it should limit the overall low temperatures from falling too much. The cold could discourage corn planting, however.

 

The player sheet for 4/24 had funds: net sellers of 1,000 corn, sellers of 500 soybeans, buyers of 2,000 soymeal, and buyers of 1,500 soyoil.

TENDERS

• WHEAT PURCHASE: Saudi Arabia’s main state buying agency the General Food Security Authority (GFSA) said on Monday it bought 985,000 metric tons wheat in an international tender.
• CORN PURCHASE: South Korean feedmaker Nonghyup Feed Inc. (NOFI) purchased around 67,000 metric tons of animal feed corn in a private deal on Thursday without an international tender being issued, European traders said. The corn was purchased at an estimated outright price of $263.58 a ton cost and freight (c&f) included plus an extra $1.75 a ton surcharge. The seller was said to be trading house Mitsui. The corn was for arrival in South Korea around August 10.
• CORN PURCHASE: Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) purchased around 65,000 metric tons of animal feed corn in a private deal on Friday without an international tender being issued, European traders said on Monday.
• BARLEY PURCHASE: Tunisia’s state grains agency is believed to have purchased about 25,000 metric tons of animal feed barley in an international tender on Friday, European traders said. The barley was said to have been bought in one consignment at an estimated $265.45 a ton cost and freight (c&f) included from trading house Ameropa. Reports reflect assessments from traders and further estimates of prices and volumes were possible later.

PENDING TENDERS

• RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp. issued an international tender to purchase an estimated 65,394 tons of rice, European traders said. The deadline for submissions of price offers was April 21.
• RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp. issued an international tender to purchase about 20,000 tons of rice sourced from the United States and Vietnam, European traders said. The deadline for submissions of price offers in the tender is April 28. Results of the tender may not be known for some weeks after price submissions, traders said.
• BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said. The deadline for submission of price offers in the tender is April 29.

 

 

 

 

TODAY

Argentina could raise grain output, exports by scrapping farm taxes

Eliminating Argentina’s agricultural export taxes could sharply lift grain production and export earnings, while eventually leaving the government with more tax revenue overall, the Rosario grains exchange said on Friday.

The analysis modelled Argentina’s farm sector through 2036 under two scenarios, one in which export duties remain unchanged and another in which they are phased out over two years and fully eliminated from 2028.

• Without the taxes, planted area would reach 43.4 million hectares by 2036, up 5.4% from the baseline, while total output would climb 10.1% to 182.6 million metric tons, driven mainly by soybeans and corn, the exchange found.
• Agro-industrial exports would rise by 14.1 million tons compared with the baseline, adding $6.4 billion in annual export revenue and taking total sector exports to $50.5 billion by 2036, with soy accounting for most of the gain.
• The report also challenges the view that cutting export taxes would blow a lasting hole in public finances, which depend heavily on dollars brought in from abroad.
• While the federal government would initially lose revenue from the duties, the grains exchange said stronger farm profits, investment and broader economic activity would offset the hit through higher intake from income, bank transactions and other taxes.
• The government would start bringing in more tax revenues from the 2029/30 crop cycle onward, the report argued, while provinces would benefit immediately because export taxes are not shared with them.
• By 2036, combined national and provincial tax revenue would be $1.29 billion higher per year than if the duties were left in place, the exchange said.

 

Argentina truckers end protest at Quequen grain port

Argentine truckers ended a protest that had paralyzed the Quequen grain port after reaching an agreement with farmers for a 16% freight rate increase, the port authority said on Friday.

Activity at the terminal began to normalize following the end of the costly protest, a port source told Reuters.

As part of the deal, truckers were successful in their demand to cap administrative fees charged by grain collectors and cargo providers at 2%.

Trucker association ATCADE also confirmed the deal to Reuters.

The drivers, who had been seeking higher rates to offset costs, had blocked access roads to the hub, which handles about 20% of Argentina’s soybean exports.

The Argentine Chamber of Private Commercial Ports said earlier this week that the protests, which also affected the port of Bahia Blanca, had stalled exports worth approximately $450 million.

Argentina is the world’s third-largest exporter of soybeans and the top global supplier of processed soy meal and oil.

 

Ukraine Attacks Russia Fertilizer Plant and Oil Refinery

Ukrainian drones caused damage to a fertilizer plant owned by PhosAgro PJSC as well as a major oil refinery as Kyiv seeks to thwart Russian commodities exporters which are benefiting from higher prices as a result of the Iran war.

The PhosAgro plant was targeted for the second time this month. Refineries have long been struck in the conflict, with the latest strike on the Yaroslavl oil-processing plant reported by the General Staff of the Armed Forces of Ukraine on Telegram.

Ukraine has intensified strikes on Russian fertilizer plants and other oil infrastructure to blunt the economic benefits for Russia. Nitrogen fertilizer prices have doubled from pre-Iran war levels as vital supplies remain stranded in the Persian Gulf due to the effective closure of the Strait of Hormuz.

Russia has imposed curbs on fertilizer exports, although producers are still able to ship some fertilizers within a government quota.

At PhosAgro’s Apatit JSC complex in the Vologda region in northwest Russia, drones damaged a pipeline which has subsequently been repaired, Governor Georgy Filimonov said in a Telegram post on Sunday. A PhosAgro spokesperson declined to comment.

Ukraine targeted the Apatit plant earlier this month, claiming it produces raw materials for TNT and other components for ammunition. While nitrogen fertilizer producers are able to produce explosives, the claim that PhosAgro supplies the military cannot be independently verified.

The attack on the Yaroslavl refinery —  co-owned by Rosneft and Gazprom Neft — resulted in a fire at the site, Ukraine’s military said in its official Telegram channel. Yaroslavl Region governor Mikhail Yevrayev reported on his Telegram channel that a massive attack by Ukrainian drones was repelled overnight.

The Yaroslavl plant is about 175 miles (282 kilometers) from Moscow and can process 15 million tons of crude year, equivalent to around 300,000 barrels a day.

 

CORN/CEPEA: Weather back in focus; weak demand limits trading activity

Cepea, 24 – The summer harvest is almost complete, and second-crop sowing is nearly finished. With that, market participants have turned their attention back to the weather, as dry conditions could impact crop development.

Corn trading in the spot market remains limited amid weak demand. Buyers are focused on comfortable 2024/25 ending stocks and the 2025/26 summer harvest, and therefore expect prices to decline in the coming weeks. Many sellers, however, continue to restrict spot volumes, expecting higher prices.

So far, the 2025/26 second crop is estimated to be slightly smaller than the 2024/25 crop, but it will still be large.

Between April 16 and 23, the ESALQ/BM&FBovespa Index for corn prices (Campinas/SP) declined by 1%, to close at BRL 66.36 per 60-kg bag on April 23.

On the average of the regions surveyed by Cepea, corn values decreased by 1.1% in the wholesale market (deals between processors) and 1.2% in the over-the-counter market (paid to farmers) from April 16-23.

 

SOYBEAN/CEPEA: US soy oil rally reshapes margins; premiums limit pass-through to Brazil

Cepea, 24 – The rise in international soybean oil prices has reshaped the soy complex, directly affecting crush margins. In Brazil, however, declining export premiums have limited the pass-through of higher soy oil prices to domestic quotations, while ample soybean supply keeps market liquidity high.

Abroad, the escalation of the Middle East conflict and uncertainties surrounding global oil flows have supported the energy complex and, consequently, soybean oil prices. This has led to an atypical configuration in 2026: the share of soy oil in crush margins has surpassed that of soybean meal. On April 23, soy oil accounted for 52.1% of the margin, a series record, compared to 44.5% in the same period of 2025.

However, this trend was not entirely transferred to Brazil, due to the pressure from export premiums. The Brazilian value of soy oil dropped by 0.1% from April 16 and 23, averaging BRL 6,681.20 per ton (in São Paulo city with 12% ICMS) on April 23.

As for soybean meal, on the average of the regions surveyed by Cepea, prices decreased by 0.2% in the same comparison.

The CEPEA/ESALQ Index (Paraná) and the CEPEA/ESALQ Index (Paranaguá) registered slight increases between April 16 and 23, closing at BRL 120.49 per 60-kg bag and at BRL 126.90 per bag. The US dollar rose by 0.3% from April 16-23, closing at BRL 5.009. Ample supply supports liquidity but limits more significant price increases. Despite firm demand, the prospect of a record crop keeps the market balanced.

The harvest reached 88.1% in Brazil (Conab data).

 

Russia raises prices used to calculate export duties on sunflower oil and meal

Russia, the world’s largest exporter of sunflower oil, has raised the reference prices for export duties on sunflower oil and meal, which should reduce the amount of the duties.

The price used to calculate the export duty on sunflower oil has been increased to 90,750 roubles per metric ton from 82,500 roubles ($1,092) per ton, and that for sunflower meal to 17,463 roubles per ton from 15,875 roubles per ton, according to a document published by the government.

A duty on sunflower oil has been in force in Russia since 2021 as part of measures to protect the domestic market; it is a floating duty and is calculated monthly on the basis of market prices and the exchange rate of the national currency against the U.S. dollar.

The duty was last extended until August 31, 2028. The current duty rate for April, at 16,222.4 roubles per ton, is the highest since February 2025.

Last season, Russian sunflower oil accounted for 38% of global exports, with the largest importers being India (25%), Iran (22%) and Turkey (22%), according to the government’s Agroexport Centre.

Russia accounts for 30% of the total volume in the sunflower meal market. The main buyers of sunflower meal are Turkey (36%) and Belarus (27%).

Russia has not published official export figures for the past few years.

 

India Flags ‘Cautiously Optimistic’ Outlook for 2026 Wheat Crop

India remains “cautiously optimistic” about its 2026 wheat crop outlook, with no reports of yield losses due to diseases or insect pests and timely sowing supporting crop growth, according to a government statement on Sunday.

• The production outlook is also supported by an additional 0.6 million hectares planted in the 2025-26 season, which is expected to partially offset localized losses, the Ministry of Agriculture and Farmers Welfare said in the statement
  • However, there have been localized damages to yield and grain quality due to unusually high temperatures in February, as well as untimely rainfall and hailstorms during maturity in some areas
  • Overall, the wheat production outlook for 2026 is mixed but resilient
• “It is anticipated that the adverse effects of weather anomalies will be largely compensated by increased area, early sowing, and improved varietal adoption, thereby supporting stable national wheat production compared with the 2024-25 crop season.”: statement

 

China Warns of Heavy Rain, Flood Risks Ahead of May Day Holiday

Chinese weather authorities warned of heavy rainfall across southern regions from April 26 to April 29, with downpours expected to hit areas already saturated by earlier storms, raising the risk of flooding and landslides.

The State Flood Control and Drought Relief Headquarters and the Emergency Management Ministry urged local governments to step up precautions ahead of the May Day holiday starting next Friday, when increased travel and outdoor activity may heighten exposure to risks, the ministry said in a statement on Saturday.

Officials called for early evacuations, closer monitoring of mountain torrents and small rivers, and stricter inspections of reservoirs and other vulnerable sites, stressing the need for timely warnings to prevent casualties.

 

Egypt buys 363,000 tons of wheat from local farmers so far, official says

Egypt has bought 363,000 metric tons of wheat from local farmers so far this season, Ahmad Idam, head of the services sector at the ministry of agriculture, told Reuters on Sunday.

The procurement season officially started in mid-April.

 

Brazil Setting Higher Ethanol Blend to Stem Fuel Impact From War

Brazil is taking action to increase the use of ethanol in gasoline in an effort to tame the impacts of rising fuel costs as the war in the Middle East drags on.

The world’s second-largest producer of the biofuel is moving ahead with plans for a new 32% mandatory ethanol blending mandate in gasoline, according to a Mines and Energy ministry statement on Friday. That’s up from 30% currently, with abundant biofuel supplies and low prices helping to ease fuel price pressure at Brazilian pumps.

“This measure has the potential to reduce the need for gasoline imports by approximately 500 million liters per month,” the statement said. “With this measure, Brazil strengthens its energy sovereignty and moves toward self-sufficiency in gasoline, eliminating fuel imports.”

The move is part of a series of measures that are meant to shield consumers from the economic fallout from the Middle East conflict, and comes as President Luiz Inacio Lula da Silva seeks reelection in about six months.

Authorities on Thursday said the government will also ask Congress for authorization to use extraordinary revenue linked to oil to cut taxes on fuel such as gasoline, diesel, ethanol and biodiesel. That follows a series of levy reductions and subsidies for diesel, cooking gas and jet fuel, as well as credit lines for airlines struggling with higher costs.

Brazil has long used ethanol as a lever in times of energy price shocks, with ethanol-only motors made since the late-1970s helping to reduce the nations need for gasoline imports. More recently, biofuels legislation under Lula set a goal of reaching a blend of as much as 35% in the near future, which would still depend on the outcome of technical tests.

A final implementation of the new ethanol blend still depends on a greenlight from energy council CNPE, which is largely expected to follow the ministry’s recommendations.

 

API, farm groups urge Congress to back year-long E15 sales as prices rise

• Amendment would let retailers offer E15 higher-ethanol year-round
• Oil, farm and retailer groups support E15 expansion to lower fuel costs
• Refining industry groups oppose E15 expansion, citing compliance costs
• House Rules Committee set to consider amendment next week

Groups representing ethanol producers, farmers, and fuel retailers urged Congress on Thursday to allow gas stations to sell higher-ethanol gasoline blends year-round to combat the higher pump prices that have persisted since the start of the war in Iran.

The groups are supporting an amendment to the omnibus Farm Bill that would allow, but not require, fuel retailers to offer gasoline that contains 15% ethanol for sale nationwide on a year-round basis. That blend, known as E15, is typically barred during summer months due to smog concerns, though the Trump Administration has temporarily waived that restriction to try to bring down the cost of retail gasoline that has surged to more than $4 a gallon, a pain point for low- and middle-income consumers.

The amendment was submitted to the House Committee on Rules by a group of more than 20 lawmakers, led by Representative Michelle Fischbach, a Republican from Minnesota on Wednesday. That committee is set to consider the legislation next week as part of the Farm Bill, the most important piece of agricultural legislation that is brought up every five years.

The Environmental Protection Agency, using emergency waivers, has allowed fuel retailers to sell E15 since late March. Prices have steadily marched higher due to a global energy supply crunch caused by Iran’s effective blockade of the crucial Strait of Hormuz following U.S.-Israeli strikes on that nation, with retail U.S. gasoline surpassing $4 a gallon in early April.

As of Friday, the average price nationwide was $4.06 per gallon. With gasoline futures continuing to rise, motorists could feel more pain in coming weeks. E15 is typically cheaper than conventional gasoline because ethanol usually costs less than petroleum blendstock.

“Maintaining access to E15 year-round empowers consumers at the pump with more options, particularly during periods of tight supply and high fuel costs, while allowing refiners and retailers to meet the demands of the market,” the organizations including the American Petroleum Institute, the National Association of Convenience Stores and the National Corn Growers Association wrote in a letter addressed to members of Congress on Thursday.

President Donald Trumphas previously said he supports year‑round E15 sales and would sign legislation approving them without delay.

Jake Barron, communications director at biofuels group Growth Energy, said year‑round E15 sales could save consumers up to 30 cents a gallon.

Refining industry groups, including the American Fuel & Petrochemical Manufacturers, have opposedthe move citing additional compliance costs.

The White House has tried various moves to limit the economic fallout of the surge in global oil prices, including a large release of U.S. emergency crude stockpiles and the extension of a 90‑day shipping waiver to ease transport of oil, fuel and fertilizer.

 

US Poultry Slaughter Rose 9.8% Y/y in March: USDA

Slaughter rose to 6.12 billion pounds, according to the USDA’s monthly poultry slaughter report released on the agency’s website.

• Chicken live weight rose 9.5% in March from year ago
• Chickens condemned post-mortem up 1.4% y/y
• Condemned ante-mortem up 1.3% y/y

 

U.S. Gulf Urea Nitrogen Fertilizer Price Drops 8.1%

Nitrogen fertilizer, represented by U.S. granular urea sold at NOLA, fell 8.1% to $653 per short ton in the week ended April 24, 2026, according to Green Markets data compiled by Bloomberg Intelligence.

• U.S. Gulf NOLA urea dropped 1.14% during the last month and was up 54.1% during the last 3 months
• Major Urea nitrogen benchmark prices were mixed
• Shares of Nutrien Ltd., CF Industries Holdings Inc. and Yara International ASA were up in the latest week
• Major UAN nitrogen benchmark prices were unchanged
• Major Ammonia nitrogen benchmark prices were unchanged
• Natural gas, which drives producer costs, has decreased 5.8% during the last week and was down 13% during the last month
• The price of corn, a driver of fertilizer purchases, increased 1.1% during the last week and was down 2.1% during the last month

 

 

 

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