# Series of black swans send fertilizer prices soaring - Brownfield Ag News

> The Fertilizer Institute's CEO says a series of events, including COVID-era demand planning, extreme weather, plant shutdowns and government sanctions, have pushed fertilizer prices to record highs. Strong corn and soybean markets have added demand pressure, especially on nitrogen, which faces higher natural gas costs.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/45375-series-of-black-swans-send-fertilizer-prices-soaring-brownfield-ag-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Record fertilizer costs, particularly nitrogen tied to natural gas, raise grain production costs and may influence planted acreage and feed-grain supply.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲
- POTASH: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-10-01 | 5 | +28.9% | 7.1 | Industry commentary on plant shutdowns, sanctions, high gas costs and strong corn demand supports tight nitrogen supply and demand pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-09-23 | [Fertiliser companies keep an eye on soaring gas prices](https://feedsoft.ai/events/45388-fertiliser-companies-keep-an-eye-on-soaring-gas-prices.md) | +2.2% | +39.6% |
| UREA | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | -4.5% | +13.6% |
| UREA | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +4.0% | +9.9% |
| UREA | 2024-07-16 | [5 Reasons Fertilizer Prices Are High Right Now - AgWeb](https://feedsoft.ai/events/29179-5-reasons-fertilizer-prices-are-high-right-now-agweb.md) | +0.8% | +4.6% |
| UREA | 2022-01-31 | [Fertilizer Price Increases: Should Farmers be Worried?](https://feedsoft.ai/events/43465-fertilizer-price-increases-should-farmers-be-worried.md) | -5.9% | +6.1% |
| NATGAS | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | +5.3% | +12.8% |
| NATGAS | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +1.9% | +0.5% |
| NATGAS | 2024-07-16 | [5 Reasons Fertilizer Prices Are High Right Now - AgWeb](https://feedsoft.ai/events/29179-5-reasons-fertilizer-prices-are-high-right-now-agweb.md) | +3.8% | +0.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/series-of-black-swans-send-fertilizer-prices-soaring/

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