# “Fertilizer Prices Are Falling,” Black Sea Export Deal in Focus, While Mississippi River Flow Draws Attention | Farm Policy News | Illinois

> Bloomberg reported that fertilizer prices are falling as farmers balk at high nutrient costs and hold off on purchases, creating inventory gluts in the US and Brazil. The New Orleans weekly urea index fell 3.2% on the latest Friday, extending a monthlong decline. The same coverage also flags the Black Sea export deal and Mississippi River flows.

- Date: 2022-10-19 · published 2022-10-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10978-fertilizer-prices-are-falling-black-sea-export-deal-in-focus-while-mississippi
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Weaker fertilizer demand and bloated inventories push nutrient prices lower, easing input costs for next season's crop. Lower fertilizer costs can support farm margins and eventually grain planting decisions.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- POTASH: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-10-27 | 1 | -8.6% | -3.5 | Reports of a monthlong urea price slide at New Orleans as farmers balk at costs and inventory gluts build in the US and Brazil point to weak demand pressure that could feed a sharp one-day drop. |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2022/10/fertilizer-prices-are-falling-black-sea-export-deal-in-focus-while-mississippi-river-flow-draws-attention/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.