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The Fertilizer Institute's market intelligence director outlines factors behind rising U.S. fertilizer prices, including natural gas costs near $7.80 per MMBtu and sulfur shortages affecting phosphate production. He also cites Russian export quotas, sanctions on Belarus, and the Belarus-Russia potash transit arrangement.
Higher natural gas and sulfur costs keep nitrogen and phosphate prices elevated, raising the cost of grain and oilseed production and supporting feed ingredient prices.
eesc.europa.euOct 31, 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 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 136 past bullish geopolitics events, NATGAS moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
