A fertilizer expert says prices remain volatile, even though urea made a significant drop Tuesday.
Josh Linville is with StoneX. He tells Brownfield, “It broke through that really important 500 dollar a ton barrier. That was something we thought was going to be a sticking point. We thought, wow, this would be interesting to see. It broke right through it but then jumped right back up to $500 and I think it will stick there for a little bit, but I don’t think it’s going to be long-term.”
Linville is expecting the urea market prices to get higher moving forward.