The World Bank forecasts fertiliser prices to rise 14% this year after an urea price shock early in 2026. Muriate of potash has been largely shielded from Middle East conflict, with supply supported by easing US sanctions on Belarus.
Higher forecast fertiliser costs raise farm input expenses and may shift feed grain planting economics, while potash remains comparatively cheap versus food prices.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
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.