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Australian farm groups report that chemical, fertilizer and fuel costs are skyrocketing, with China's power shortages and pollution curbs adding to supply strain. The Russia-Ukraine conflict and sanctions are expected to add further pressure on costs.
Rising input costs for Australian grain growers may reduce planting and affect feed grain supply, supporting prices for barley, wheat and sorghum. Higher fertilizer costs also feed through to livestock feed economics.
abc.net.auNational Regional Reporter Nathan MorrisFeb 26, 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 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
Not 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.
