Limited AN supply sees further move to urea

After 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.

• Jan 28, 2026Fertiliser prices start to rise amid supply disruption - Farmers Weekly+10.6%
• Sep 24, 2021U.S. Farmers Face Supply Shortages, Higher Costs After Hurricane Ida - AgWeb+6.2%
• Apr 19, 2023Barge operations to stop as Mississippi rises increasing costs to farmers+2.3%
• Jul 6, 2022Fertiliser supply chain | Maersk+2.2%
• Jul 18, 2024Canadian Railway Strike Poses Threat to Global Supply Chain | Food Logistics+0.8%

After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.

• Sep 7, 2022Global scramble for LNG tankers likely to boost gas prices further+0.7%
• Sep 27, 2022Looming Feedstock Prices and Supply Constraints Pressurized the Methionine Prices in the U.S-11.5%
• Apr 29, 2024Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps+25.8%
• Sep 1, 2023European gas price jumps almost 40% over supply disruption fears-3.6%
• Dec 11, 2020Algeria’s LNG Supply Disruptions Add to Global Market Tightness - Bloomberg+6.7%