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Grupa Azoty, Poland's biggest chemicals firm, will limit fertilizer production at a subsidiary citing extraordinary and unprecedented gas costs. Buyers are reportedly waiting for gas prices to fall or fertilizer prices to rise.
Production curtailments from a major European producer tighten nitrogen supply and support fertilizer prices, which raises costs for grain and feed producers.
reuters.comAug 24, 2022After 323 past bullish geopolitics events, CORN moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 361 past bullish geopolitics events, WHEAT moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% 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.
