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Global urea supplies are tight because China has barely exported urea since mid-2024, with only about 140,000 tonnes shipped January to June. Analysts expect only around 1.5 million tonnes for the year, far below the 5 to 5.5 million tonnes China used to export annually.
Limited Chinese urea exports keep global nitrogen fertilizer prices firm, raising grain production costs and supporting corn and feed grain values over time.
producer.comSean PrattAug 14, 2024After 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.
After 729 past bullish trade events, CORN moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
