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NPR reports that the war in Ukraine has created a global fertilizer shortage, with much of the world's supply coming from Russia. Supply interruptions and high prices are affecting farms far from the conflict, including a small farm in Kenya.
Reduced fertilizer availability and higher costs threaten crop yields and food supply, supporting grain and oilseed prices over the longer term.
npr.orgJackie NorthamSep 28, 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.
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.
