# Urea derivatives surge on Middle East conflict | Latest Market News

> Paper urea contracts jumped more than 10% from the prior week after the US-Iran conflict began, with US Gulf futures trading near $500/t on CME. Middle East urea bids moved above $500/t and Egyptian physical sales continued at around $520s/t fob, while major Middle East suppliers withdrew offers.

- Date: 2026-03-02 · published 2026-03-02T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The Middle East accounts for roughly 35% of seaborne urea trade, so disrupted supply pushes nitrogen prices higher, raising feed-grain production costs and pressuring corn and other grain margins.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2026-03-02 | 1 | +15.0% | 12.1 | Dated March 2, it shows paper urea up over 10% and Middle East suppliers withdrawing offers with bids above $500/t, a direct supply shock and price discovery on the move date. |
| UREA | 2026-03-03 | 5 | +28.3% | 5.3 | Paper urea futures jumped over 10% and Middle East suppliers withdrew offers after the conflict began, directly driving price discovery higher. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2026-10-02 | [Markets Ablaze: Gas & LNG Prices Surge as Middle East Conflict Escalates](https://feedsoft.ai/events/17233-markets-ablaze-gas-and-lng-prices-surge-as-middle-east-conflict-escalates.md) | -1.4% | +1.1% |
| UREA | 2024-03-25 | [Major Middle East urea producers withdraw offers \| Latest Market News](https://feedsoft.ai/events/31525-major-middle-east-urea-producers-withdraw-offers-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2025-07-01 | [Global urea prices rise with Middle East conflict \| News \| farmtalknews.com](https://feedsoft.ai/events/24079-global-urea-prices-rise-with-middle-east-conflict-news-farmtalknews-com.md) | +10.7% | +11.9% |
| UREA | 2024-10-02 | [Middle East tensions add to combustible urea market - Brownfield Ag News](https://feedsoft.ai/events/5244-middle-east-tensions-add-to-combustible-urea-market-brownfield-ag-news.md) | +2.5% | +1.6% |
| CORN | 2024-10-02 | [Middle East tensions add to combustible urea market - Brownfield Ag News](https://feedsoft.ai/events/5244-middle-east-tensions-add-to-combustible-urea-market-brownfield-ag-news.md) | -1.1% | -2.6% |
| CORN | 2026-03-03 | [Fertilizer Markets Surge Following Escalation in the Middle East - RFD](https://feedsoft.ai/events/4435-fertilizer-markets-surge-following-escalation-in-the-middle-east-rfd.md) | +0.7% | +4.5% |
| CORN | 2026-03-02 | [Middle East Conflict: Tension Injects Risk Premium into Global Grain Markets](https://feedsoft.ai/events/16875-middle-east-conflict-tension-injects-risk-premium-into-global-grain-markets.md) | +2.0% | +5.1% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2794835-urea-derivatives-surge-on-middle-east-conflict

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