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Fertilizer supply fell in 2022 and prices hit record highs, which cut demand globally. Russian, Belarusian, Chinese and EU export declines are pushing buyers to shift to alternative suppliers, and lower application is expected to weigh on crop yields.
Reduced fertilizer use raises uncertainty over the next crop, which supports grain and oilseed futures. Input-cost pressure also squeezes feed margins.
think.ing.comThijs GeijerNov 30, 2022After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
