Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars

After 92 past bullish macro events, UREA moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.

• Aug 15, 2022Nitrogen Fertilizers Prices Rise from Increased European Natural Gas Prices+0.1%
• Sep 25, 2021Global Natural Gas Prices Are Soaring : NPR+27.6%
• Oct 8, 2021Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch+4.0%
• Jul 26, 2023The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers+28.9%
• Jan 21, 2022The Fertilizer Crisis Is Getting Real for Europe Food Prices - Bloomberg0.0%

After 155 past bullish macro events, NATGAS moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Sep 25, 2021Global Natural Gas Prices Are Soaring : NPR+9.7%
• Oct 8, 2021Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch+1.9%
• Jul 26, 2023The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers-6.3%
• Jan 19, 2022High natural gas prices could lead to spike in food costs through fertilizer link | S&P Global-6.1%
• Sep 2, 2022Fertilizer Costs Are Surging Again Just as US Farmers Look to Buy - Bloomberg-12.5%