Urea – Accumulate Signal

U.S. Gulf Urea prices are exhibiting Oversold ‘extremes’.
Backwardation (in forward months contracts) makes for a bullish case too.

The Middle East Urea prices are nearly Oversold too.
Natural Gas (Henry Hub) are approaching Oversold as is the price of Wheat (see correlation)

January 26, 2023
by Rob Zdravevski
rob@karriasset.com.au