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Farmers are facing fall fertilizer prices more than double year-earlier levels, with anhydrous ammonia at $982 per ton retail. Supply chain disruptions from China's export curbs, Hurricane Ida and vaccine mandates have tightened availability, and analysts describe the shortage as unprecedented.
A broad, multi-cause shortage with prices doubling is a major cost shock for US crop production, lifting urea and potash prices and feeding into grain and feed costs.
agweek.comMikkel Pates, Michelle RookNov 8, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
