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Wholesale potash prices kept climbing in June after sanctions against Belarus, which Fertecon estimates supplies up to 20% of world potash output, disrupted trade flows. Ammonia prices also rose amid limited summer fill activity and multiple nitrogen plant turnarounds in the US.
Fall prepay offers followed in July.
Sanctions-driven potash shortages and nitrogen plant outages keep US fertilizer costs high, which squeezes farm margins and supports fertilizer-linked prices for crops.
dtnpf.comLogan Garcia, Market ReporterJul 15, 2021Not enough comparable past events yet for a historical read.
After 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.
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.
