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US farmers have asked the Justice Department to investigate fertiliser price spikes. Global fertiliser prices have reached record highs this year, driven by soaring natural gas costs and severe US storms that disrupted production.
Record fertiliser prices from gas costs and supply disruptions raise crop production costs, a pressure that tends to persist into the next planting season.
reuters.comLeah DouglasDec 8, 2021After 13 past bullish policy events, Natural Gas moved a median -1.7% over 5 sessions (46% higher; middle half -2.4% to +4.5%), and +5.3% over 20.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
