
Brazil imported 4.79 million tonnes of fertiliser in July 2025, a record for the month and up 15.6% from June. Russia supplied 28.2% of the total and China's exports to Brazil rose 75.7% year-on-year, while importers bought early amid concerns over possible US sanctions on Russian fertiliser.
Record Brazilian import demand and early buying to hedge sanction risk support fertiliser prices, which raise input costs for Brazilian soybean and corn growers.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.