# Nitrogen fertilizer shortage threatens to cut global crop yields -CF Industries | Reuters

> CF Industries warned that a nitrogen fertilizer shortage driven by soaring natural gas prices could reduce global crop yields next year. European gas prices have jumped on strong demand and below-average storage ahead of winter, causing some producers to cut output.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44339-nitrogen-fertilizer-shortage-threatens-to-cut-global-crop-yields-cf-industries
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reduced nitrogen availability raises expected fertilizer costs and threatens yields in 2022, a bullish signal for grain and oilseed prices over the medium term.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-12-14 | [Nitrogen fertilizer prices at mercy of global issues \| The Western Producer](https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer.md) | +0.6% | -12.4% |
| UREA | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +28.9% | +17.2% |
| UREA | 2022-08-15 | [Nitrogen Fertilizers Prices Rise from Increased European Natural Gas Prices](https://feedsoft.ai/events/12420-nitrogen-fertilizers-prices-rise-from-increased-european-natural-gas-prices.md) | +0.1% | +13.4% |
| UREA | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -18.1% | -19.0% |
| UREA | 2022-10-26 | [Tightening nitrogen fertilizer supplies raise alarm \| The Western Producer](https://feedsoft.ai/events/10125-tightening-nitrogen-fertilizer-supplies-raise-alarm-the-western-producer.md) | -11.7% | -11.8% |
| NATGAS | 2022-12-14 | [Nitrogen fertilizer prices at mercy of global issues \| The Western Producer](https://feedsoft.ai/events/38179-nitrogen-fertilizer-prices-at-mercy-of-global-issues-the-western-producer.md) | -25.0% | -49.3% |
| NATGAS | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | -6.3% | -4.6% |
| NATGAS | 2021-10-19 | [Global gas shortage helps lift prices in United States \| Reuters](https://feedsoft.ai/events/44760-global-gas-shortage-helps-lift-prices-in-united-states-reuters.md) | +16.2% | -2.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/nitrogen-fertilizer-shortage-threatens-cut-global-crop-yields-cf-industries-2021-11-04/

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