Loading…
USDA Secretary Tom Vilsack warned fertilizer suppliers not to exploit the Russian invasion of Ukraine through unjustified price increases. He noted Russia is a major exporter of UAN, on which US corn farmers depend, and said the war's trade impact is still unclear.
Risk of supply disruption in UAN and other nitrogen inputs from Russia could push US fertilizer costs higher for corn growers, adding upward pressure on feed costs.
agri-pulse.comBill TomsonFeb 24, 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.
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.
