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Urea prices have surged as coal and natural gas, the main inputs in industrial production, have become costlier and scarcer. The shortage is affecting supply worldwide.
Natural gas and coal feedstock costs set the floor for nitrogen fertilizer prices, so continued energy strength keeps urea expensive and raises input costs for feed-grain growers.
nytimes.comDec 6, 2021After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
