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Urea prices have eased substantially since the US-Iran war began, improving nitrogen affordability, while phosphate affordability remains at its worst level in years. Argus Media reports farmers are cutting application and shifting toward soybeans and sunflowers over wheat and corn.
Lower urea prices ease input costs, but reduced phosphate and potash application and a shift in crop mix may dampen demand for corn and wheat while supporting oilseeds.
materialsindustry.comOct 22, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Argus reports phosphate affordability at multi-year lows with farmers cutting application and switching to soybeans/sunflowers, a demand-destruction mechanism that can pressure DAP prices.
