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US nitrogen fertilizer exports reached a multi-year high over the summer. Surging European natural gas prices raised production costs in Europe and made US shipments more competitive.
Stronger US export demand for nitrogen supports fertilizer prices, while higher European gas costs keep global nitrogen prices elevated. Higher input costs can squeeze feed-grain margins.
reuters.comRod Nickel, Mark Weinraub, May AngelOct 25, 2022After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
