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A National Geographic feature describes a severe fertilizer shortage driven by Russia sanctions, bad weather and export cuts, with farmers and governments scrambling to avoid lower crop yields. The article warns that a food crisis may be difficult to avoid.
Tight nitrogen, phosphate and potash supplies threaten yields and future grain and feed output, supporting upward pressure on feed-grain prices.
nationalgeographic.comJoel K. Bourne, Jr.May 23, 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.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% 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.
