# Fertilizer Costs Are Surging Again Just as US Farmers Look to Buy - Bloomberg

> An index of weekly North American fertilizer prices rose over 11% in the latest week, the largest weekly gain since March. European energy shortages are forcing some nitrogen plants to close or curtail output, and US Corn Belt ammonia prices rose nearly 24%.

- Date: 2022-09-02 · published 2022-09-02T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/39880-fertilizer-costs-are-surging-again-just-as-us-farmers-look-to-buy-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Natural gas is the main input for nitrogen fertilizer, so European plant curtailments reduce global nitrogen supply and push up urea and ammonia costs. Higher fertilizer costs raise corn production expenses and could shift planting economics.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-29 | [Why the Fertilizer Sector Looks Promising in 2022 \| Aranca](https://feedsoft.ai/events/9206-why-the-fertilizer-sector-looks-promising-in-2022-aranca.md) | -7.1% | -3.2% |
| CORN | 2022-01-19 | [High natural gas prices could lead to spike in food costs through fertilizer link \| S&P Global](https://feedsoft.ai/events/43069-high-natural-gas-prices-could-lead-to-spike-in-food-costs-through-fertilizer.md) | +2.1% | +6.9% |
| CORN | 2022-04-06 | [Nitrogen Fertilizer Prices and Supply in Light of the Ukraine-Russia Conflict - farmdoc daily](https://feedsoft.ai/events/42133-nitrogen-fertilizer-prices-and-supply-in-light-of-the-ukraine-russia-conflict.md) | -1.9% | -6.1% |
| CORN | 2022-05-11 | [Fertilizer prices expected to remain higher for longer](https://feedsoft.ai/events/41325-fertilizer-prices-expected-to-remain-higher-for-longer.md) | +2.4% | -0.3% |
| CORN | 2024-07-31 | [Fed Meeting Today: Live Analysis on Interest Rates, Powell Speech - Bloomberg](https://feedsoft.ai/events/29142-fed-meeting-today-live-analysis-on-interest-rates-powell-speech-bloomberg.md) | -0.2% | -4.2% |
| NATGAS | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | +5.3% | +12.8% |
| NATGAS | 2022-01-10 | [Why the cost of fertilizer is rising](https://feedsoft.ai/events/43075-why-the-cost-of-fertilizer-is-rising.md) | +11.4% | +11.9% |
| NATGAS | 2022-04-29 | [Why the Fertilizer Sector Looks Promising in 2022 \| Aranca](https://feedsoft.ai/events/9206-why-the-fertilizer-sector-looks-promising-in-2022-aranca.md) | +24.1% | +30.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-02/fertilizer-costs-are-surging-again-just-as-us-farmers-look-to-buy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.