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8-K
CVR ENERGY INC filed this Form 8-K on 09/04/2018
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MARKET FUNDAMENTALS U.S. Nitrogen Supply & Demand Corn Stocks to Use Compared to Net Back Fertilizer Pricing U.S. Nitrogen Supply 16,000 14,000 12,000 10,000 8,000 6,000 4,000 (000’s of nitrogen tons) metric 2,000 0 • Estimated reduced corn stocks supports improving  fundamentals for corn prices -2,000 • 2018 UAN summer fill prices improved $30 to $40  -4,000 per ton over last year Production Imports Exports • Major global nitrogen capacity build cycle largely  complete in 2018.  Product demand expected to  exceed new supply for the next several years Source: NPK Fertilizer Consultant, USDA, Blue Johnson and Associates, Inc. 21


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