With fertilizer costs high and seeds scarce, U.S. farmers turn to soy

After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

• Nov 29, 2022Mexico open to deal with U.S. on GMO corn as farmers demand clarity over ban | Reuters-3.8%
• Mar 25, 2022China's hog farmers face long slog in return to profit | Reuters+3.5%
• Aug 31, 2021Blow for farmers as costs of feeds hit record high | Daily Nation-4.6%
• Mar 2, 2022Waive fertilizer dumping duties, corn farmers ask+1.5%
• Oct 22, 2020U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high+1.6%

After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.

• Oct 11, 2021Brazilian farmers also see fertilizer costs double-2.0%
• Jun 18, 2021Reuters: China scoops up U.S. soybeans on price plunge - Pro Farmer+3.1%
• Oct 22, 2020U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high-1.4%
• Oct 8, 2021High feed costs: How we got here and how to overcome them | Ag Proud-3.3%
• Jul 16, 2020Higher Chinese feed demand boosts US corn and soybean exports - Agweek | #1 source for agriculture news, farming, markets+1.5%

After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.

• Oct 11, 2021Brazilian farmers also see fertilizer costs double+0.3%
• Aug 22, 2025European farmers facing higher costs after EU tariffs on Russian fertiliser imports | Reuters-0.8%
• Aug 23, 2021US Corn Growers Could Face Higher Fertilizer Costs From Import Tariffs+1.9%
• Aug 28, 2025Sticky input prices and short supplies: What's keeping fertilizer costs high? - RealAgriculture-7.5%
• Apr 7, 2026China's coal-based urea insulates its farmers from global fertiliser turmoil | Reuters0.0%