Fertilizer prices are heading toward record highs after a series of supply shocks, including Hurricane Ida, European production slowdowns and China's phosphate export ban. StoneX's Josh Linville says urea has not yet reached 2008 highs, but the market is more supply-driven than in 2008.
Concerns are growing that prices could surpass 2008 levels.
A supply-driven shock in urea and phosphate threatens to raise production costs and reduce fertilizer application for the 2022 season. That could lift grain and feed prices.
Nach 176 vergangenen Ereignisse (bullisch, Handel) bewegte sich Harnstoff im Median über 5 Handelstage um +0,1 % (51% höher; mittlere Hälfte -1,3 % bis +2,4 %) und über 20 Handelstage um +1,6 %.
Nach 193 vergangenen Ereignisse (bullisch, Handel) bewegte sich DAP im Median über 5 Handelstage um +0,4 % (54% höher; mittlere Hälfte -0,3 % bis +1,8 %) und über 20 Handelstage um +1,9 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Describes a series of supply shocks (Ida, European slowdowns, China export curbs) pushing fertilizer toward record highs, reinforcing bullish sentiment.
A series of supply shocks (Ida, European slowdowns, China export curbs) pushed fertilizer toward record highs, driving panic buying and sentiment.
Cites China's export ban together with Hurricane Ida and European slowdowns as stacked supply shocks, which fed bullish sentiment in fertilizer including DAP.