# Nitrogen and Phosphate Markets Enter Supply Shock

> StoneX analyst Josh Linville says nitrogen and phosphate markets have moved from shipping delays to actual production losses and stalled export flows. New Orleans urea values are up 77% from early December. Qatar, Iran and Saudi Arabia face export constraints, and China is absent from exports until at least August.

- Date: 2026-03-10 · published 2026-03-10T12:00:00.000Z
- Category: geopolitics · region US · magnitude high
- Page: https://feedsoft.ai/events/20101-nitrogen-and-phosphate-markets-enter-supply-shock
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Actual lost production and stalled exports from major urea and phosphate exporters tighten global fertiliser balances, pushing up input costs that feed through to corn and feed grain economics.

## Read by commodity

- DAP: bullish ▲
- CORN: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-05-06 | [Nutrien posts higher profit as prices rise, flags tight nitrogen supply \| Reuters](https://feedsoft.ai/events/19582-nutrien-posts-higher-profit-as-prices-rise-flags-tight-nitrogen-supply-reuters.md) | -4.5% | -27.3% |
| UREA | 2024-06-28 | [Urea market digests Egyptian supply uncertainty and pending Indian demand](https://feedsoft.ai/events/30101-urea-market-digests-egyptian-supply-uncertainty-and-pending-indian-demand.md) | -2.1% | -0.5% |
| UREA | 2024-05-06 | [Morocco's surging role in the global phosphate market - The Morocco Post](https://feedsoft.ai/events/30592-morocco-s-surging-role-in-the-global-phosphate-market-the-morocco-post.md) | +1.1% | -1.0% |
| UREA | 2022-07-29 | [Gas supply issues in Europe cause havoc with Nitrogen prices.](https://feedsoft.ai/events/5032-gas-supply-issues-in-europe-cause-havoc-with-nitrogen-prices.md) | +17.6% | +13.4% |
| UREA | 2026-03-21 | [Fertilizer Shock Escalates as New Supply Risks Emerge - Bloomberg](https://feedsoft.ai/events/20098-fertilizer-shock-escalates-as-new-supply-risks-emerge-bloomberg.md) | +1.9% | +11.9% |
| DAP | 2025-01-22 | [Syria's phosphate rock supply uncertain after regime ousted - BC Insight](https://feedsoft.ai/events/26825-syria-s-phosphate-rock-supply-uncertain-after-regime-ousted-bc-insight.md) | -0.2% | +2.4% |
| DAP | 2024-05-06 | [Morocco's surging role in the global phosphate market - The Morocco Post](https://feedsoft.ai/events/30592-morocco-s-surging-role-in-the-global-phosphate-market-the-morocco-post.md) | +3.6% | +7.7% |
| DAP | 2024-03-25 | [High prices to curb southern LatAm phosphate imports \| Latest Market News](https://feedsoft.ai/events/31532-high-prices-to-curb-southern-latam-phosphate-imports-latest-market-news.md) | -10.7% | -13.4% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/nitrogen-and-phosphate-markets-enter-supply-shock/

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