Hormuz fertilizer shipments stay at zero for 2nd month as critical sulfur squeeze bites

After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.

• Sep 14, 2026Fertilizer shipments through the Strait of Hormuz remain near zero+0.3%
• Jul 29, 2026Strait of Hormuz pressure on fertilizers: sulfur rises 322% in one year, phosphates lose demand and urea advances again+1.6%
• Oct 28, 2026Country’s only DAP fertiliser plant remains shut for 4 months-0.6%
• Sep 15, 2021U.S. fertilizer prices soar as storms roil industry hub+1.1%
• Sep 20, 2023Earthquakes in Morocco Cause Supply Affliction for Phosphoric Acid, Impacting Global Fertilizer Market+0.9%

Not enough comparable past events yet for a historical read.

After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.

• Sep 14, 2026Fertilizer shipments through the Strait of Hormuz remain near zero+1.9%
• Oct 28, 2026Urea Shipments Stall at Hormuz as Gulf Backlog Nears 1M Tonnes-1.3%
• Jul 29, 2026Strait of Hormuz pressure on fertilizers: sulfur rises 322% in one year, phosphates lose demand and urea advances again+0.6%
• Sep 15, 2021U.S. fertilizer prices soar as storms roil industry hub+0.4%
• May 5, 2026Fertilizer Crisis Response Bulletin #10–Shipping Disruptions Drive Up Fertilizer Costs and Threaten Food Security - IFDC-4.2%

After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.

• Apr 25, 2019Floods Stall Inland Fertilizer Barge Shipments+0.4%
• Oct 28, 2026Urea Shipments Stall at Hormuz as Gulf Backlog Nears 1M Tonnes-0.5%
• Apr 25, 2019Floods stall fertilizer shipments in latest blow to U.S. farmers+0.4%
• Sep 15, 2021U.S. fertilizer prices soar as storms roil industry hub-2.7%
• Dec 26, 2025Ports Under Fire as Russia’s Drone and Missile Strikes Squeeze Ukraine’s Grain Exports – Ship Universe-1.8%