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Mosaic and CF Industries said they expect global fertilizer supply to stay tight as the Ukraine war, heat in Europe and the US, and drought signs in southern Brazil constrain crops. Mosaic still expects a potash shortfall of about 8 million tonnes this year, and CF expects LNG markets to stay tight.
A sustained fertilizer shortfall and high LNG-linked nitrogen costs support higher fertilizer prices and push up the cost of grain and oilseed production. Feed buyers should plan for firm input-driven price support.
financialpost.comReutersAug 2, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
