Urea granular CFR Brazil spot price — the global benchmark for nitrogen fertilizer. Tracks natural gas prices (feedstock), grain prices (demand) and Chinese export policy.
| Date | Level | Event |
|---|---|---|
| Jun 2020 | $220 | Demand trough — BUY signal |
| Mar 2022 | $900 | Russia-Ukraine gas crisis peak — SELL signal |
| Apr 2026 | $530 | Near SELL zone — approaching peak |
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