# Global Factors at Play in the Nitrogen Market | Red River Farm Network

> Nutrien's chief economist said global nitrogen prices are expected to decline into the third quarter, though Q4 conditions may stay volatile. He noted rumored further Chinese restrictions on urea exports, lower Chinese exports year to date, and sharply lower Russian ammonia supplies. Natural gas and coal costs remain a key factor.

- Date: 2022-07-24 · published 2022-07-24T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/40805-global-factors-at-play-in-the-nitrogen-market-red-river-farm-network
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected Q3 softening is offset by possible Chinese urea export curbs and Russian ammonia shortfalls, so nitrogen costs for feed producers may stay volatile into the fall.

## Read by commodity

- UREA: bullish ▲
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-06-22 | [Nitrogen prices resurgent in ‘frantic’ global market \| Capital Press](https://feedsoft.ai/events/46500-nitrogen-prices-resurgent-in-frantic-global-market-capital-press.md) | +1.4% | -0.3% |
| UREA | 2023-09-05 | [Global factors raise price of nitrogen - Brownfield Ag News](https://feedsoft.ai/events/9881-global-factors-raise-price-of-nitrogen-brownfield-ag-news.md) | +14.0% | +9.1% |
| UREA | 2021-02-18 | [Global fertiliser market spike a challenge for local growers \| The Land \| NSW](https://feedsoft.ai/events/12871-global-fertiliser-market-spike-a-challenge-for-local-growers-the-land-nsw.md) | +0.3% | +11.6% |
| UREA | 2024-10-03 | [Urea market squeeze due to several factors - Brownfield Ag News](https://feedsoft.ai/events/28188-urea-market-squeeze-due-to-several-factors-brownfield-ag-news.md) | +1.4% | +0.2% |
| UREA | 2026-02-06 | [Ballance Agri-Nutrients issued 2026 global fertilizer markets report - Fertilizer Daily](https://feedsoft.ai/events/20530-ballance-agri-nutrients-issued-2026-global-fertilizer-markets-report-fertilizer.md) | +0.8% | +27.6% |
| NATGAS | 2017-05-12 | [Trapped Canadian natural gas producers find a way to reach LNG markets – via the U.S. - Financial Post](https://feedsoft.ai/events/71207-trapped-canadian-natural-gas-producers-find-a-way-to-reach-lng-markets-via-the.md) | -4.4% | -9.0% |
| NATGAS | 2020-02-03 | [Weak market fundamentals overseas not curbing US LNG export enthusiasm \| S&P Global](https://feedsoft.ai/events/54769-weak-market-fundamentals-overseas-not-curbing-us-lng-export-enthusiasm-s-and-p.md) | +1.0% | -6.5% |
| NATGAS | 2019-12-03 | [More Volatility Expected in U.S. Natural Gas Market as LNG Exports Grow](https://feedsoft.ai/events/55769-more-volatility-expected-in-u-s-natural-gas-market-as-lng-exports-grow.md) | -4.7% | -7.4% |

## Sources

- rrfn.com: https://www.rrfn.com/2022/07/24/global-factors-keep-weighing-on-fertilizer-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.