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The Economist explains that fertiliser prices are soaring as the war in Ukraine and sanctions on Russia disrupt supply. Russia and Ukraine supply 28% of traded wheat, 15% of maize and 75% of sunflower oil, and farmers face margin squeezes from fertiliser costs.
High fertiliser costs squeeze farm margins and may reduce planted area and yields, supporting grain prices and tightening feed supply in coming seasons.
economist.comMay 31, 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.
Not enough comparable past events yet for a historical read.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% 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.
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.
