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A market report forecasts fertiliser prices will keep rising into next year due to supply shortages in EU output and high natural gas costs. Urea reached about $900 per tonne in November, up 30% month on month, while DAP and TSP rose 8%.
Gas-driven nitrogen cost increases and phosphate tightness raise feed-grain production costs and support further price gains in 2022.
indexbox.ioDec 17, 2021After 74 past bullish report events, NATGAS moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
Not enough comparable past events yet for a historical read.
After 76 past bullish report events, UREA moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% 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.
