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Urea prices rose in recent days, which some have blamed on the conflict between Iran and Israel. StoneX fertilizer analyst Josh Linville said a hurricane is unlikely to drive a long-term increase in fertilizer prices.
Urea inventories were already tight due to production disruptions worldwide, so Middle East tensions add upward pressure on fertilizer costs that feed into feed-grain production costs.
grainews.caGeralyn WichersOct 9, 2024After 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.
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.
