# US senator presses CF on soaring nitrogen prices | Latest Market News

> Senator Josh Hawley questioned whether CF Industries was price gouging by raising nitrogen prices during the Middle East conflict, and sent a 12-question letter. New Orleans urea has risen about 30pc since the war began, to $630/st fob. Urea affordability versus corn is at its lowest since November 2021.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/31523-us-senator-presses-cf-on-soaring-nitrogen-prices-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Political pressure on producers may not lower prices, but high urea costs relative to corn are encouraging farmers to shift acreage toward soybeans. That shift affects both grain and oilseed balances.

## Read by commodity

- SOY: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-01-05 | [Shake-up in EU fertilizer pricing to hit farmer costs \| Latest Market News](https://feedsoft.ai/events/20991-shake-up-in-eu-fertilizer-pricing-to-hit-farmer-costs-latest-market-news.md) | +1.7% | +14.0% |
| UREA | 2024-03-25 | [US ag secretary seeking ways to curb fertilizer costs \| Latest Market News](https://feedsoft.ai/events/31522-us-ag-secretary-seeking-ways-to-curb-fertilizer-costs-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2021-08-07 | [Chinese fertiliser factories 'focusing on local market' as international prices skyrocket - ABC News](https://feedsoft.ai/events/45880-chinese-fertiliser-factories-focusing-on-local-market-as-international-prices.md) | 0.0% | +18.3% |
| UREA | 2021-09-16 | [China's urea futures hit limit up on energy regulations, soaring coal prices](https://feedsoft.ai/events/45384-china-s-urea-futures-hit-limit-up-on-energy-regulations-soaring-coal-prices.md) | -0.1% | +40.7% |
| UREA | 2025-12-12 | [Nitrogen market braces for CBAM after document leak \| World Fertilizer](https://feedsoft.ai/events/21824-nitrogen-market-braces-for-cbam-after-document-leak-world-fertilizer.md) | +1.0% | +11.0% |
| SOY | 2024-03-25 | [Policy changes to support US soybeans: Darling \| Latest Market News](https://feedsoft.ai/events/15228-policy-changes-to-support-us-soybeans-darling-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2024-03-25 | [US mandates record-high biofuel use: Update \| Latest Market News](https://feedsoft.ai/events/15233-us-mandates-record-high-biofuel-use-update-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2024-03-25 | [US biofuel support clears way for new crush capacity \| Latest Market News](https://feedsoft.ai/events/31292-us-biofuel-support-clears-way-for-new-crush-capacity-latest-market-news.md) | -0.6% | -2.6% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2801048-us-senator-presses-cf-on-soaring-nitrogen-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.