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AgWeb reports that experts see geopolitics, weather and low supply as top concerns in the US fertilizer market as spring prices rise seasonally. Rabobank expects the worst of the price spike to be over, while StoneX notes that new Russian pipelines could bring large supply back and sharply lower prices.
Israel-Hamas tensions are also flagged as a risk.
Expected new Russian ammonia supply could ease input costs over time, but geopolitical risk near Ukraine and the Middle East keeps the outlook uncertain for crop production costs.
agweb.comFeb 29, 2024After 11 past neutral geopolitics events, Urea moved a median +0.4% over 5 sessions (64% higher; middle half -1.0% to +5.9%), and +7.8% 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.
