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Belarusian President Lukashenko approved small companies exporting potash as fertilizer prices soar. The EU has banned Belarusian potash shipments, leaving Brazilian farmers scrambling for supply.
Losing Belarusian potash supply tightens global fertilizer availability for Brazil's soybean and corn growers, supporting fertilizer prices and raising future crop costs.
bloomberg.comTarso Veloso, Aliaksandr Kudrytski, Tatiana FreitasApr 5, 2022Not enough comparable past events yet for a historical read.
After 20 past neutral geopolitics events, Soybeans moved a median -0.6% over 5 sessions (45% higher; middle half -2.2% to +1.5%), 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.
