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Prices for major U.S. fertilizers, including DAP and urea, soared after Hurricane Ida shut plants and disrupted shipping around New Orleans. Storm Nicholas now threatens further rain and flooding on the U.S. Gulf Coast, the main fertilizer trading hub.
Barge availability for loading fertilizer remains a problem.
Gulf Coast fertilizer disruption raises input costs for corn and soybean growers and could feed into global food inflation. Continued logistics problems may keep fertilizer prices elevated into the next planting cycle.
farmprogress.comBloombergSep 15, 2021After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% 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.
