Loading…
Fertilizer suppliers report high costs and limited availability after the Russia-Ukraine war tightened supply. Suppliers are shifting to just-in-time pricing, and nitrogen prices remain supported by high European energy costs.
Firm nitrogen pricing and limited availability raise growers' costs for next season's crops, which supports corn and grain price expectations.
After 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.
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.