Fertiliser prices likely to remain at high level in coming months

After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.

• May 11, 2022Fertilizer prices expected to remain higher for longer-0.8%
• Jan 17, 2023Uncertainty in input prices likely to continue in 2023-0.5%
• Jan 19, 2022High natural gas prices could lead to spike in food costs through fertilizer link | S&P Global-0.3%
• Apr 25, 2022High fertilizer prices contribute to rising global food security concerns | IFPRI-18.1%
• Jun 19, 2020Sharp increase in SA fertiliser prices due to weak rand+0.6%

After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% over 20.

• May 11, 2022Fertilizer prices expected to remain higher for longer0.0%
• Jan 17, 2023Uncertainty in input prices likely to continue in 2023+1.3%
• Jan 19, 2022High natural gas prices could lead to spike in food costs through fertilizer link | S&P Global-0.5%
• Apr 25, 2022High fertilizer prices contribute to rising global food security concerns | IFPRI-7.9%
• Jun 19, 2020Sharp increase in SA fertiliser prices due to weak rand+2.4%

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Aug 29, 2018Asian LNG prices hit highest in over two months high on tight supply | Daily FT-0.7%
• Jan 17, 2023Uncertainty in input prices likely to continue in 2023+0.4%
• Jan 19, 2022High natural gas prices could lead to spike in food costs through fertilizer link | S&P Global-6.1%
• Jul 16, 20245 Reasons Fertilizer Prices Are High Right Now - AgWeb+3.8%
• Jan 5, 2022Little relief in sight on fertiliser supply and price - Farmers Weekly+12.9%