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The EU's nitrogen fertilizer output is being cut by an estimated 400,000 to 500,000 tonnes per month, according to Argus Media, with plant shutdowns starting in Poland and spreading to producers such as Achema, Yara and Borealis. Less than 30 percent of UAN capacity is expected to run by early fall.
Deep European curtailments remove a large share of global nitrogen supply, supporting fertilizer prices and raising production costs for feed grains.
producer.comSean PrattSep 14, 2022After 49 past bullish logistics events, UREA moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
After 359 past bearish logistics events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
