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Yara says supply fears are driving a fertiliser buying rush by French farmers. Soaring gas prices have pushed nitrogen fertiliser prices up roughly threefold, and manufacturers including Yara have cut output.
Some farmers may shift to less fertiliser-intensive crops such as corn or apply less product.
Gas-driven curtailments are tightening nitrogen supply, which lifts urea and ammonia costs and raises feed grain production expenses. Rising fertiliser costs could also reduce future corn plantings and tighten feed grain supply.
reuters.comOct 29, 2021After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
