Breaking Down the January 2026 NDSU Agricultural Trade Monitor: IEEPA Fertilizer Tariffs, Price Pass-Through, and Market Adjustment

After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.

• Dec 12, 2025Nitrogen market braces for CBAM after document leak | World Fertilizer+1.0%
• Jul 1, 2022Rising cost of agricultural fertiliser and feed: Causes, impacts and government policy+5.1%
• Jun 16, 2025Fertilizer Markets Steady as EU Announces New Russia Tariffs | CZ app+3.6%
• Dec 8, 2021Farmers ask US Justice Department to investigate fertilizer price spikes | Reuters+0.1%
• Sep 6, 2020There is no fertiliser crisis in the country: Agriculture minister | The Business Standard-1.5%

After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.

• Jan 22, 2019The Market Facilitation Program (Trade Mitigation) and the Government Shutdown+0.7%
• Oct 8, 2021Congress Provides $10 Billion for 2020 and 2021 Ag Disaster Payments | Center for Agricultural Law and Taxation-2.4%
• Apr 24, 2019Will a US-China Trade Deal Remove or Just Restructure the Massive 2018 Tariffs? | PIIE-1.5%
• Dec 31, 2024Breaking Down the 2025 American Relief Act: What It Means for You - AgWeb+1.4%
• Jun 14, 2019Federal Register :: Modernizing the Regulatory Framework for Agricultural Biotechnology Products+1.7%