Urea prices drop $80 in one day.

In New Orleans, prices for barges are close to $100 lower today… we’re seeing $620 trade for February delivery that’s down from $695 to start the day. Consider this – in the last two weeks of the year the physical barge market was trading $760.

In the futures market for NOLA UREA prices are just as soft with offers close to $640 for Q1 but there aren’t any trades.