# Fertilizer Market Report – May 24, 2023 - Genesis Fertilizers

> CRU reports a surge in fertilizer M&A activity driven by strong 2022 earnings and improved cash flows. Urea barge prices in the US Gulf and Western Canada fell from late-April highs, with prompt barges dropping from US$465-475/st to US$350-365/st for second-half May.

- Date: 2023-05-24 · published 2023-05-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4371-fertilizer-market-report-may-24-2023-genesis-fertilizers
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Sharp declines in US urea barge prices reduce fertilizer input costs for corn producers, while M&A activity reflects structural industry consolidation rather than a near-term supply shock.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2023-05-25 | 1 | -14.1% | -13.8 | CRU reports US Gulf and Western Canada urea barge prices dropped from US$465-475/st to US$350-365/st, a price drop of about 25% that directly matches the size of the one-day fall. |
| UREA | 2023-05-26 | 1 | -14.1% | -12.3 | CRU data show US Gulf urea barge prices falling sharply (from $465-475/st to $350-365/st) ahead of the move, reflecting weak demand and a price slide that plausibly fed into the one-day drop. |
| UREA | 2023-06-02 | 5 | -20.9% | -3.7 | US Gulf and Western Canada urea barge prices dropped sharply from late-April highs (about $465-475/st to $350-365/st), showing the steep late-May price correction. |
| UREA | 2023-05-30 | 5 | -21.5% | -4.5 | US Gulf prompt urea barges fell from $465-475/st to $350-365/st, a large price drop showing demand weakness in a key import market. |

## Sources

- genesisfertilizers.com: https://genesisfertilizers.com/2023/05/24/fertilizer-market-report-may-24-2023/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.