
The Iowa State CARD study, commissioned by the Iowa Attorney General, found insufficient evidence to refute that production costs and supply chain issues were the main cause of 2021-22 fertilizer price increases. The Fertilizer Institute welcomed the finding and listed factors such as the pandemic, energy costs, sanctions and the Russia-Ukraine war.
The report is a policy and political finding about the causes of past price spikes and does not itself change current fertilizer supply or prices.
Not enough comparable past events yet for a historical read.
After 150 past report events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.3% to +2.7%), and +1.6% over 20.
After 156 past report events, DAP moved a median 0.0% over 5 sessions (45% higher; middle half -0.6% to +0.9%), and +0.9% 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.