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ZMP's early-January fertilizer report says nitrogen prices in Germany, the EU and the US are firming, with ammonia costs and active global urea tenders supporting the trend. UAN and ammonium nitrate are described as stable with slight upward pressure in Europe.
The outlook is sideways to moderately firmer, with possible CBAM-related support in the EU.
Higher nitrogen fertilizer costs raise grain and feed production costs and can support corn and wheat prices over time as farmers weigh input costs against returns.
zmp.deJan 3, 2026Not 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.
