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StoneX's fertilizer VP discusses how sanctions on Russia could tighten global fertilizer supplies, noting Russia is the largest urea exporter. He also highlights constrained Russian ammonia exports and phosphate supply concentrated among five producers.
Sanctions on Russia would remove a large share of global urea and ammonia exports, which would likely push fertilizer prices higher and raise feed-grain production costs.
stonex.comGustian FarrowSep 23, 2025After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
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.
