Producers needing to purchase urea fertilizer for spring use are looking at a steadily increasing cost

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.

• Dec 21, 2023Urea: Indian purchasing tender offers silver lining to producers+0.8%
• Oct 20, 2025Tariffs are already shifting fertilizer supply chains, increasing costs, study finds | Agri-Pulse Communications, Inc.-0.2%
• Sep 6, 2024Global urea producers hopeful pending Indian tender purchase will support market+0.2%
• Apr 30, 2025US Urea Prices Surge to Highest Level Since 2022 - Genesis Fertilizers+17.4%
• Apr 28, 2025Fertilizer Prices Surge as Spring Imports Drive Urea, Phosphate, Potash | CZ app+13.4%

After 17 past neutral trade events, Natural Gas moved a median -0.6% over 5 sessions (47% higher; middle half -4.7% to +1.5%), and -4.3% over 20.

• Apr 3, 2019U.S. LNG producers offer alternative pricing to woo buyers - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com-0.6%
• May 12, 2017Trapped Canadian natural gas producers find a way to reach LNG markets – via the U.S. - Financial Post-4.4%
• May 1, 2024COMMENTARY: Asia takes LNG that Europe doesn't need as spot price stays muted+13.4%
• Apr 30, 2020Cheniere Chief Says Price Negotiations, Force Majeures Off the Table During Pandemic+6.9%
• Dec 2, 2024US LNG exports to Europe surge in November on higher prices-12.6%