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Urea barges in New Orleans traded about $50-$80 per short ton higher on March 2 than on February 28, according to Argus. Commercial shipping through the Strait of Hormuz has nearly halted, and Middle Eastern producers have suspended offers ahead of US spring imports.
March and April are peak US urea import months, so a disrupted Middle East supply tightens North American availability and supports higher prices for nitrogen used in corn production.
producer.comSean PrattMar 2, 2026After 205 past bullish geopolitics events, UREA moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
After 323 past bullish geopolitics events, CORN moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
Reports NOLA urea barges $50-80/st higher on March 2 vs Feb 28 with Hormuz shipping nearly halted and Middle East offers suspended, directly matching the one-day move date and supply mechanism.
New Orleans urea barges rose $50-80/st as Hormuz shipping nearly halted and Middle East producers suspended offers ahead of US spring imports.
