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Industry officials, including CF Industries and Nutrien, expect nitrogen fertilizer prices to stay well above 2016-2020 levels in 2022. Urea rose by about US$200 per tonne on February 24, the day after Russia invaded Ukraine, and some nitrogen prices have eased from record highs but remain at decade highs.
Persistent high nitrogen prices raise the production cost for corn and other grains, and analysts expect prices to cool only if grain prices keep rising.
producer.comSean PrattMar 3, 2022Not enough comparable past events yet for a historical read.
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.
