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The U.N. is pushing for a global cut in fertilizer prices to head off a future crisis, according to a Reuters report. The article text is truncated and gives few specifics beyond the call itself.
Fertilizer costs feed directly into farmers' planting decisions and corn and wheat production in later seasons, so a coordinated price cut would ease input pressure but is unlikely to move grain prices quickly.
reuters.comEmma FargeOct 3, 2022After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% over 20.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
