bullish
The Commodity Report #66
SUMMARY
- The benchmark, CRB Commodity Index, ended the week 2,4% higher
- While natural gas made a higher high, the fertilizer complex remained in a sideways market for some time.
- Last week fertilizer prices saw an awakening, as especially European natgas prices rallied further. US Gulf Urea futures jumped 20% while Middle East Urea futures jumped 18% w/w.
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