Nitrogen fertilizer prices at mercy of global issues

After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.

• Oct 26, 2022Tightening nitrogen fertilizer supplies raise alarm | The Western Producer-11.7%
• Oct 7, 2021High fertilizer prices not going away quickly | The Western Producer+5.0%
• Jul 26, 2023The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers+28.9%
• Dec 8, 2022Nitrogen prices remain volatile but less extreme | The Western Producer-3.6%
• Oct 1, 2022Most Wholesale Nitrogen Fertilizer Prices Rise in August on Wave of Production Curtailments at European Plants+2.0%

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Oct 7, 2021High fertilizer prices not going away quickly | The Western Producer-4.5%
• Jul 26, 2023The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers-6.3%
• Aug 5, 2022Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg+5.3%
• Nov 4, 2021Nitrogen fertilizer shortage threatens to cut global crop yields -CF Industries | Reuters-16.2%
• Jan 10, 2022Why the cost of fertilizer is rising+11.4%