Urea Shipments Stall at Hormuz as Gulf Backlog Nears 1M Tonnes

After 49 past bullish logistics events, UREA moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.

• Sep 14, 2026Fertilizer shipments through the Strait of Hormuz remain near zero+1.9%
• Mar 4, 2026Closure of the Strait of Hormuz causes urea, diesel prices to spike as planting season begins in Arkansas-0.8%
• Sep 29, 2023Major Canadian rail carriers to embargo shipments-2.8%
• Jul 29, 2026Strait of Hormuz pressure on fertilizers: sulfur rises 322% in one year, phosphates lose demand and urea advances again+0.6%
• Apr 19, 2023Barge operations to stop as Mississippi rises increasing costs to farmers+2.3%

After 285 past bullish logistics events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.

• Oct 29, 2026Hormuz fertilizer shipments stay at zero for 2nd month as critical sulfur squeeze bites - Fertilizer Daily-1.5%
• Apr 25, 2019Floods stall fertilizer shipments in latest blow to U.S. farmers+0.4%
• Apr 25, 2019Floods Stall Inland Fertilizer Barge Shipments+0.4%
• Feb 7, 2018Argentina: Transporters halt shipments at ports+0.5%
• Jun 3, 2021Argentine oilseed and grain shipments under threat from new strike…+4.4%