Loading…
Fertilizer prices rose after an Iranian missile attack on Israel and hurricane disruption. The speaker notes that the Middle East and North Africa supply about half of the world's exported urea.
Concentrated urea exports from the Middle East and North Africa make supply vulnerable to geopolitical shocks, supporting higher nitrogen costs for grain growers.
aginfo.netOct 14, 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.
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.
