# Urea Futures Surge to Highest Since Oct 2022 on Supply Risks — TradingView News

> Urea futures rose to as high as $684 per tonne, the highest since October 2022, and are more than 70% higher this year. The rally reflects Middle East war disruption to Strait of Hormuz flows, a gas price spike, plant shutdowns in India and Bangladesh, and tighter export restrictions from China and Russia.

- Date: 2026-03-24 · published 2026-03-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/20465-urea-futures-surge-to-highest-since-oct-2022-on-supply-risks-tradingview-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Combined supply restrictions and pre-planting demand are pushing fertilizer costs sharply higher, which raises production costs for feed grain and oilseed growers and supports corn prices over the spring season.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2026-03-31 | 1 | +8.4% | 3.1 | Urea futures hit the highest level since Oct 2022 on Hormuz disruption, gas spike, Asian plant shutdowns and Chinese/Russian export curbs, which is the supply-shock backdrop for the sharp one-day jump, though it predates 3/31 by a week. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-03-06 | [Oil surges 35% this week for biggest gain in futures trading history](https://feedsoft.ai/events/5231-oil-surges-35-this-week-for-biggest-gain-in-futures-trading-history.md) | +1.8% | +17.8% |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2026-03-02 | [Urea derivatives surge on Middle East conflict \| Latest Market News](https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news.md) | +25.5% | +36.4% |
| UREA | 2026-10-26 | [Natural-Gas Prices in Europe Climb to Highest Level Since 2022 Amid Iran War - WSJ](https://feedsoft.ai/events/622-natural-gas-prices-in-europe-climb-to-highest-level-since-2022-amid-iran-war-wsj.md) | +0.0% | — |
| 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% |
| CORN | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +1.8% | +3.4% |
| CORN | 2026-03-02 | [Urea derivatives surge on Middle East conflict \| Latest Market News](https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news.md) | +2.0% | +5.1% |
| CORN | 2024-05-20 | [Wheat Futures Surge on Russian Crop Worries -- Daily Grain Highlights](https://feedsoft.ai/events/4597-wheat-futures-surge-on-russian-crop-worries-daily-grain-highlights.md) | +1.9% | +5.4% |

## Sources

- tradingview.com: https://www.tradingview.com/news/te_news:536016:0-urea-futures-surge-to-highest-since-oct-2022-on-supply-risks/

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