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Fertilizer costs have more than doubled since the start of 2021 to record highs, according to the article. Export disruptions from the Black Sea, sanctions on Russia, and Chinese export bans are cited as key drivers, and the outlook points to elevated costs into the future.
Sustained high nitrogen and potash costs raise production costs for farmers and feed grain supply, supporting input-cost-driven price floors across the grain complex.
totalfarmmarketing.comZachary Smith, Scott MastersAug 5, 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.
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.
